Tag: Indian Billet and DRI offers

India’s induction furnace (IF) steel market witnessed bearish sentiments today, with mill offers falling by INR 50-550/tonne (t) d-o-d. Sponge iron prices decreased by INR 50-550/t d-o-d. Prices dropped sharply in Raipur by INR 550/t. Billet tags decreased by INR 50-500/t d-o-d, with the highest drop of INR 500/t seen in Durgapur. Rebar (Fe 500)…