Tag: Indian Billet and DRI offers

Price volatility, heavy rains prompt need-based buying Manufacturers face pressure from rising inventories India’s induction furnace (IF) steel market witnessed subdued activity today, with mills reducing offers by INR 50-500/tonne (t) d-o-d. Sponge iron offers dropped by INR 100-300/t d-o-d, with the steepest fall of INR 300/t seen in Jharsuguda. However, in Durgapur market prices…