Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 24 Jun
India’s induction furnace (IF) steel prices continued moving south on 24 June, 2024. Offers announced by the mills decreased by INR 100-950/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices dropped by INR 100-700/t , with the Ramgarh market witnessing the sharpest drop. Billet prices plunged by INR 500-950/t. The sharpest drop…