Tag: Indian Billet and DRI offers

Cautious sentiment leads to dull bookings Prices likely to be range-bound in near term India’s induction furnace (IF) steel market witnessed dull sentiments today, and mills reduced offers by INR 50-500/tonne (t) d-o-d. Sponge iron offers dropped by INR 100-500/t d-o-d, with the steepest fall of INR 500/t in the Durgapur market. However, prices hiked…