Author: Vinay Tiwari
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Indian DRI, billet and re-bar update – 4 Aug
India’s induction furnace (IF) steel market witnessed a downward trend. Offers from mid-sized mills decreased by INR 100-750/tonne (t) d-o-d on 4 August. Sponge iron prices in most regions declined by INR 100-750/t. Meanwhile, the southern market (Hyderabad and Bellary) recorded a slight increase in offers by INR 50-100/t. Billet offers also dropped by INR…