Author: Vinay Tiwari
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Indian DRI, billet and re-bar update – 5 Aug
India’s induction furnace (IF) steel market witnessed negative price trends today. Offers across the regions decreased by up to INR 800/tonne d-o-d on 5 August 2022. Sponge iron prices dropped by INR 150-500/t with the major fall of INR 400-500/t seen in central and eastern regions. Also, billets and rebars (Fe 500) offers dropped by…