Author: Vinay Tiwari
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Indian DRI, billet and re-bar update – 25’Feb
Weak demand ahead of Holi keeps buyers inactive Need-based buying expected in near term Indian induction furnace steel prices fell sharply today, as mills cut offers across regions. Sponge iron prices declined by INR 50-400/t d-o-d, with the steepest drop of INR 400/t recorded in Ramgarh, where prices reached INR 25,000/t. Billet prices dropped in…