Author: Sagar
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Indian DRI, billet and re-bar update – 15 Nov
The Indian induction furnace (IF) steel market witnessed a sharp fall in prices on 15 Nov’21. Steel prices of the mid-sized mills declined by up to INR 1,650/tonne (t) ($22/t) on a day-to-day basis. Semi-finished steel (including sponge iron and billet) offers plunged by INR 600-1,650/t across the country. However, a major fall in prices…