Author: Abhishek Rai
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Indian DRI, billet and re-bar update – 10 May
India’s induction furnace (IF) steel market saw prices trending lower today while offers from the medium-sized mills fell up to INR 1,500/tonne ($19) d-o-d on 10 May’22. Sponge iron and billet prices fell in the range of INR 200-1,300/t following a sharp decline of INR 1,300/t in Durgapur’s sponge iron market. Also, rebar (Fe500) offers…