Tag: Indian Billet and DRI offers

Market softens amid drop in steel prices Wary buyers hold off on large purchases India’s induction furnace (IF) steel segment witnessed price reductions across the board on 26 November 2024. Offers announced by mills dropped by INR 100-500/tonne (t) compared to the previous trading session. Sponge iron prices fell INR 100-300/t d-o-d, with the steepest…