Tag: Indian Billet and DRI offers

India’s induction furnace (IF) steel prices witnessed a d-o-d downtrend on 3 January 2025. Mills reduced offers by INR 100-500/tonne (t) across markets compared to the previous trading session. Sponge iron prices registered a d-o-d decrease of INR 100-350/t, and the steepest fall was observed in the Ramgarh market. Billet offers dropped INR 100-300/t d-o-d,…