Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 18 Jun
India’s induction furnace (IF) steel prices continued the downtrend on 18 June, 2024. Offers announced by the mills dropped by INR 100-1,000/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices fell by INR 150-300/t, with Odisha’s Jharsuguda market witnessing the sharpest fall. Billet prices decreased by INR 100-1,000/t. The steepest drop was…