Tag: Indian Billet and DRI offers

India’s induction furnace (IF) steel sector witnessed price correction across commodities today (2 December, 2024). Offers announced by the mills dropped by INR 100-500/tonne (t) compared to the previous trading session. Sponge iron prices fell by INR 100-400/t d-o-d, with the steepest drop seen in the Ramgarh market. Billet tags decreased by INR 100-450/t d-o-d,…