Tag: Indian Billet and DRI offers

Slow trade, high inventories prompt price cuts Elevated Finished steel inventories stand at 10-15 days India’s induction furnace (IF) steel market experienced dull trade activity today. Offers floated by mills fluctuated in the range of INR 50-200/tonne (t) d-o-d. Sponge iron offers declined by INR 50-150/t d-o-d. Prices decreased the steepest in Durgapur, by INR…