Tag: Indian Billet and DRI offers

  • Indian DRI, billet, rebar update – 17 Jan

    Indian DRI, billet, rebar update – 17 Jan

    Mills facing selling pressure for finished steel Buyers wary about bulk raw material purchases India’s induction furnace (IF) steel prices fell d-o-d on 17 January 2025. Mills reduced their offers by INR 50-500/tonne (t) across markets compared to the previous trading session. Sponge iron prices varied by INR 50-100/t d-o-d across regions. Billet offers dropped…