Author: Sagar
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Indian DRI, billet and re-bar update – 9 Sep
The Indian induction furnace (IF) route steel market sentiments recovered on active trading on 9 Sept’21, as steel prices of mid-sized mills increased by up to INR 900/t ($12), d-o-d. As per SteelMint assessment, sponge iron offers surged by INR 50-300/t in most locations, whereas prices dropped slightly by INR 100/t in Hyderabad’s sponge iron…