Tag: Indian Billet and DRI offers

Need-based trade activity weighs on prices Producers reduce offers or adjust discounts India’s induction furnace (IF) steel market witnessed subdued activity today, with mills reducing offers by INR 100-500/tonne (t) d-o-d on 8 August 2025. Sponge iron offers dropped by INR 100-200/t d-o-d, with a steep fall of INR 200/t seen in the Chennai market.…