Author: Vinay Tiwari
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Indian DRI, billet and rebar update – 13 Jun
India’s induction furnace (IF) steel market saw downward price trends as offers floated by the mills dropped in the range of INR 50-500/tonne (t) d-o-d on 13 June,2024. Sponge iron prices decreased by INR 100-200/t, with Hyderabad and Jharsugda market witnessing the sharpest drop. Billet prices fell by INR 50-500/t. The steepest fall was seen…