Tag: Indian Billet and DRI offers

Volatile raw material prices lead to need-based buying Dull demand, rising inventories pressure producers India’s induction furnace (IF) steel market witnessed subdued activity today, with mills reducing offers by INR 100-400/tonne (t) d-o-d. Sponge iron offers dropped by INR 100-150/t d-o-d, except in the Chennai market, where prices increased by INR 200/t. Billet tags decreased…