Tag: Indian Billet and DRI offers

India’s induction furnace (IF) steel market witnessed subdued activity today, with mills reducing offers by INR 50-400/tonne (t) d-o-d on 7 August 2025. Sponge iron offers dropped by INR 100-200/t d-o-d. However in the Chennai market prices rose up to INR 200/t. Billet tags dropped by INR 50-350/t d-o-d, with the highest fall of INR…