Tag: billet and re-bar update – 20 Apr

India’s induction furnace (IF) steel market witnessed a declining trend due to slow demand on 20 Apr’22 as offers from mid-sized mills fell by up to INR 1,000/tonne (t) ($13) d-o-d. Sponge iron and billets prices dropped in the range of INR 200-1,000/t. However, a major fall was seen in Durgapur’s sponge iron market by…