Author: Sagar
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Indian DRI, billet and re-bar update – 23 Sep
The Indian induction furnace (IF) steel market witnessed dull demand on 23 Sep’21. Steel prices of the mid-sized mills dropped by up to INR 500/t ($7), d-o-d. As per SteelMint assessment, sponge iron offers dropped by INR 50-300/t in major markets throughout the country. Domestic billet prices declined by INR 100-400/t in most locations. Moreover,…