Author: Sagar
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Indian DRI, billet and re-bar update – 26 Nov
The Indian induction furnace (IF) steel market witnessed positive trend on strong demand on 26 Nov’21. Prices of the mid-sized mills increased by up to INR 800/tonne ($11) (t), d-o-d. Semi-finished steel (including sponge iron and billet) offers moved up by INR 100-800/t while offers in Chennai’s (South India) billet markets saw a drop of…