Author: Sagar
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Indian DRI, billet and re-bar update – 1 Oct
Prices kept surging in the Indian induction furnace (IF) steel market on 1 Oct’21. Steel prices of the mid-sized mills increased by up to INR 2,200/t ($30), d-o-d. As per SteelMint assessment, semi-finished steel (including sponge iron and billet) offers surged by INR 500-2,000/t across all locations in the country following a major price hike…