Author: Sudhasha Talreja
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Indian DRI, billet and rebar update – 18 Jul
India’s induction furnace (IF) steel prices continued their downward trend on 18 July, 2024. Offers announced by the mills dropped by INR 100-500/tonne (t) d-o-d across markets compared to the previous trading session. Sponge iron prices decreased in the range of INR 150-300/t. The sharpest decrease was seen in Hyderabad and Raipur markets. Billet prices…