Tag: Indian Billet and DRI offers

Liquidity crunch, poor end-user demand impact trades Suppliers face slow lifting of previously booked materials India’s induction furnace (IF) steel prices declined d-o-d on 22 January 2025. Across markets, mills reduced their offers by INR 50-600/tonne (t) compared to the previous trading session. Sponge iron prices dipped by INR 50-200/t d-o-d, with the steepest fall…