Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 19 Jun
India’s induction furnace (IF) steel witnessed further price correction on 19 June, 2024. Offers announced by the mills dropped by INR 200-800/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices dropped by INR 200-450/t, with Durgapur market witnessing the sharpest drop. Billet prices fell by INR 200-650/t. The steepest fall was seen…