Author: Sagar
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Indian DRI, billet and re-bar update – 25 Nov
The Indian induction furnace (IF) steel market remained dull due to weak demand throughout 25 Nov’21. Prices of the mid-sized mills fell by up to INR 700/tonne ($9) (t), d-o-d. Semi-finished steel (including sponge iron and billet) offers declined by INR 100-700/t following a major drop of INR 700/t in Gujarat’s billet market. Moreover, rebar…