SteelMint

Author: Rounak Gairarey

  • Indian DRI, billet and re-bar update – 4 Oct

    Indian DRI, billet and re-bar update – 4 Oct

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    by

    Rounak Gairarey
    in

    The Indian induction furnace (IF) steel market remained supported on 4 Oct’21 and steel prices of the mid-sized mills increased by upto INR 1,700/t ($23), d-o-d. As per SteelMint assessment, sponge iron offers increased by INR 200-1,400/t in the major markets, with a major hike of INR 1,300-1,400/t observed in South region. Domestic billet offers…