Author: Sagar
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Indian DRI, billet and re-bar update – 26 Oct
The Indian induction furnace (IF) steel market continued to remain weak on 26 Oct’21, as steel prices of the mid-sized mills dropped by up to INR 900/tonne (t) ($12) on a day-to-day basis. Semi-finished steel (including sponge iron and billet) prices decreased by INR 100-900/t in all key markets of the country, with a major…