Author: Sagar
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Indian DRI, billet and re-bar update – 16 Nov
The Indian induction furnace (IF) steel market witnessed a further drop in prices on 16 Nov’21, while demand improved at a few major locations including the central region. As per assessment, the prices of the mid-sized mills fell by up to INR 2,100/tonne (t) ($22/t). Sponge iron offers dropped by INR 200-600/t, although a marginal…