Author: Vinay Tiwari
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Indian DRI, billet and re-bar update – 7 Jun.
India’s induction furnace (IF) steel market saw downward price trends today as offers floated by the mills dropped in the range of INR 100-700/tonne (t) d-o-d on 7 June, 2024. Sponge iron prices decreased by INR 100-300/t, with Hyderabad and Bellary markets witnessing the sharpest drops. Billet prices fell by INR 50-500/t. The steepest fall…