Tag: Indian Billet and DRI offers

Ample market supply, liquidity crunch prompt price cuts Prices may stay volatile in near term amid muted demand India’s induction furnace (IF) steel market witnessed dull sentiments today, and mills’ offers largely declined by INR 50-300/tonne (t) d-o-d. Sponge iron offers decreased by INR 50-300/t d-o-d, with a steepest fall of INR 300/t in Hyderabad…