Author: Vinay Tiwari
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Indian DRI, billet and re-bar update – 20 May.
India’s induction furnace (IF) steel market followed mixed price trends across commodities today. Mills’ offers varied by up to INR 500/tonne (t) compared to the previous trading session. Sponge iron prices decreased in the range of INR 50-300/t with the highest fall seen in the Jharsugda market. However, a price rise of INR 200/t was…