Author: Sristi Kumari
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Indian DRI, billet, rebar update – 22 Aug
India’s induction furnace (IF) steel market witnessed subdued activity today, with mills reducing offers by INR 50-500/tonne (t) d-o-d across product categories on 22 August 2025. Sponge iron offers fell by INR 50-200/t d-o-d, with a steep fall of INR 200/t seen in Raipur market. Billet tags fell by INR 50-500/t d-o-d, with the steepest…