Author: Abhishek Rai
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Indian DRI, billet and re-bar update – 16 May
India’s induction furnace (IF) steel market witnessed a downward trend today as offers from the medium-sized mills dropped up to INR 1,500/tonne ($19) d-o-d on 16 May’22. Sponge iron and billet prices dropped in the range of INR 150-1,500/t following a decline of INR 1,500/t in Raigarh’s billet market in central India. Rebar (Fe 500)…