Tag: Indian Billet and DRI offers

Prices decline amid lack of finished steel demand Market sees need-based buying, muted inquiries India’s induction furnace (IF) steel prices declined d-o-d on 3 February 2025. Across markets, mills reduced their offers by INR 50-600/tonne (t) compared to the previous trading session. Sponge iron prices dropped by INR 100-200/t d-o-d, with the steepest fall of…