Author: Sagar
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Indian DRI, billet and re-bar update – 11 Nov
The Indian induction furnace (IF) steel market witnessed dull sentiments on 11 Nov’21 as steel prices of mid-sized mills dropped by up to INR 700/tonne (t) ($9) on a day-to-day basis. Semi-finished steel (including sponge iron and billet) offers fell by INR 150-650/t in most regions across the country. However, a major decline in prices…