Author: Sagar
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Indian DRI, billet and re-bar update – 22 Nov
The Indian induction furnace (IF) steel market witnessed poor demand on 22 Nov’21 and prices of the mid-sized mills dropped by up to INR 1,300/tonne (t) ($17), d-o-d. Semi-finished steel (including sponge iron and billet) offers declined by INR 100-1,300/t, with a major fall of INR 1,300/t noticed in Gujarat’s billet market. Also, the rebar…