Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 1 Feb
India’s induction furnace (IF) steel market witnessed a negative price trend on 1 February, 2024, as offers floated by the mills decreased in the range of INR 50-350/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices dropped in the range of INR 50-350/t. The Durgapur market witnessed the sharpest drop. Billet prices…