Author: Vinay Tiwari
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Indian DRI, billet and rebar update – 6 May
India’s induction furnace (IF) steel market witnessed upward price trends. Offers across mills rose by INR 1,400/tonne (t) d-o-d on 6 May, 2024. Sponge iron prices increased by INR 500-1,000/t. Prices rose by INR 1,000/t in the Jharsuguda market. Billet prices increased by INR 500-1,100/t. The Raipur market saw an increase of INR 1,100/t today.…