Author: Sagar
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Indian DRI, billet and re-bar update – 9 Nov
The Indian induction furnace (IF) steel market continued to remain weak on 9 Nov’21, as steel prices of the mid-sized mills dropped by up to INR 1,000/tonne (t) ($13) on a day-to-day basis. Semi-finished steel (including sponge iron and billet) prices decreased by INR 300-1,000/t nationwide, with a major fall of INR 1,000/t noticed in…