Author: Sagar
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Indian DRI, billet and re-bar update – 30 May
India’s induction furnace (IF) steel market witnessed a positive trend. Offers through mid-sized mills increased by up to INR 1,400/tonne ($18/t) d-o-d on 30 May 2022. Sponge iron and billet prices rose in the range of INR 200-1,400/t following a major hike of INR 1,400/t seen in Durgapur’s (West Bengal) sponge iron market. Also, rebar…