Author: Abhishek Rai

Indian DRI, billet and re-bar update – 19 Aug

Aug 19, 2022

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by

Abhishek Rai

in Billet, Semi Finished

India’s induction furnace (IF) steel market saw prices entering negative territory as offers floated by the mills decreased by up to INR 400/tonne (t) d-o-d on 19 August, 2022. Sponge iron prices fell in the range of INR 50-250/t. Prices decreased in Bellary’s sponge iron market by INR 250/t. Billet prices dropped in the range…