Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 23 May
Market sentiment remains dull Fluctuation in prices might continue India’s induction furnace (IF) steel prices edged lower on 23 May 2024. Offers announced by the mills moved south in the range of INR 50-500/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices fell by INR 50-450/t. The sharpest drop was seen in…