Tag: Indian Billet and DRI offers

Prices drop on cautious sentiment, inventory pressure Buyers avoid bulk purchases amid market uncertainty India’s induction furnace (IF) steel market witnessed subdued sentiment today, and seen variation in offers by INR 50-250/tonne (t) d-o-d. Sponge iron offers dropped by INR 100-250/t d-o-d, with the steepest fall of INR 250/t seen in Durgapur. However, prices inched up…