Tag: Indian Billet and DRI offers

India’s induction furnace (IF) steel market witnessed subdued activity today, with mills reducing offers by INR 50-300/tonne (t) d-o-d on 20 August 2025. Sponge iron offers dropped by INR 50-300/t d-o-d, with a steep fall of INR 300/t seen in the Raigarh. Billet tags inched lower, by INR 100-300/t d-o-d, with the steepest fall of…