Author: Vinay Tiwari
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India: DRI, billet and re-bar update – 12’Feb
Billet prices declined up to INR 500/t amid weak demand. Hyderabad billet market saw steepest drop to INR 43,500/t. India’s induction furnace (IF) steel prices recorded a slight drop on 12 February. Offers announced by the mills decreased by INR 600/tonne (t) d-o-d compared to the previous trading session. Sponge iron offers fell by INR…