Tag: Indian Billet and DRI offers

Market uncertainty prompts cautious sentiment Ample supply to weigh on demand in near term India’s induction furnace (IF) steel market witnessed dull sentiments today, and mills reduced offers by INR 50-1,000/tonne (t) d-o-d. Sponge iron offers dropped by INR 50-450/t d-o-d, with the steepest fall of INR 450/t in Durgapur. Billet tags decreased by INR…