Author: Sagar
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Indian DRI, billet and re-bar update – 25 Oct
The Indian induction furnace (IF) steel market witnessed dull sentiments on 25 Oct’21 due to poor spot trading activity, as per SteelMint assessment. Steel prices of the mid-sized mills dropped by up to INR 1,200/tonne (t) ($16) on a day-to-day basis. Semi-finished steel (including sponge iron and billet) prices decreased by INR 50-900/t in all…