Author: Vinay Tiwari
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Indian DRI, billet and rebar update – 11 March
India’s induction furnace (IF) steel market witnessed dull sentiments prevailing today, as offers floated by the mills decreased in the range of INR 50-400/tonne d-o-d on 11 March, 2024 Sponge iron offers dropped by INR 50-300/t. The highest decline of INR 300/t was seen in the Jharsuguda sponge market. Moreover, billet offers edged down in…