Tag: Indian Billet and DRI offers

Subdued inquiries cause price drops across markets Prices expected to stay range-bound in near term India’s induction furnace (IF) steel market witnessed dull sentiments today, and mills reduced offers by INR 50-400/tonne (t) d-o-d. Sponge iron offers dropped by INR 50-300/t d-o-d, with the steepest fall of INR 300/t in the Jharsuguda market. Billet tags…