Author: Sagar
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Indian DRI, billet and re-bar update – 17 Nov
The Indian induction furnace (IF) steel market saw healthy demand on 17 Nov’21. As per assessment, steel prices of the mid-sized mills increased by up to INR 900/tonne (t) ($12/t). Semi-finished steel (including sponge iron and billet) offers moved up by INR 50-900/t, although a marginal fall of INR 200/t was seen in Hyderabad’s sponge…