Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 28 May
India’s induction furnace (IF) steel prices varied slighlty on 28 May 2024. Offers announced by the mills fluctuated in the range of INR 50-700/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices fell by INR 100-250/t. The sharpest fall was seen in the Hyderabad and Ramgarh markets. Billet prices varied in the…