Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 12 Jun
India’s induction furnace (IF) steel market witnessed further price correction on 12 June, 2024. Offers announced by the mills decreased in the range of INR 50-500/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices fell by INR 50-300/t, with Ramgarh market witnessing the sharpest fall. Billet prices dropped by INR 50-500/t. The…