Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 3 May
India’s induction furnace (IF) steel prices moved in an upward direction on 3 May, 2024. Offers announced by the mills surged in the range of INR 100-750/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices increased in the range of INR 100-450/t. The highest uptick was seen in the Raigarh market. Billet…