Tag: Indian Billet and DRI offers

Cautious buying limits market momentum Buyers stay away, expect further price correction India’s induction furnace (IF) steel market remained subdued on 12 January across regions. Sponge iron offers decreased by INR 50-400/t d-o-d, with the steepest drop of INR 400/t recorded in Ramgarh, where prices settled at INR 23,450/t. Billet prices dropped within the range…