Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 15 May
India’s induction furnace (IF) steel witnessed a mixed price trend on 15 May 2024. Offers announced by the mills fluctuated in the range of INR 50-600/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices varied by INR 50-300/t. Prices in the Raigarh market increased by INR 300/t. Meanwhile, the same fell by…