Tag: Indian Billet and DRI offers

India’s induction furnace (IF) steel market witnessed subdued activity today, with mills reducing offers by INR 50-600/tonne (t) d-o-d on 6 August 2025. Sponge iron offers dropped by INR 50-400/t d-o-d, with a steep fall of INR 400/t seen in the Jharsuguda market. Only in the Hyderabad cluster prices moved up slightly by INR 100/t.…