Author: Abhishek Rai
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Indian DRI, billet and re-bar update – 17 May
India’s induction furnace (IF) steel prices witnessed mixed trends today, with offers from the medium-sized mills varying in the range of INR 50-1,200/tonne d-o-d on 17 May’22. Sponge iron and billet prices fluctuated in the range of INR 50-1,000/t following a decline of INR 1,000/t seen in Mumbai and Hyderabad’s billet market. Also, rebar (Fe…