Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 28 Apr
India’s induction furnace (IF) steel market witnessed positive price trends. Offers from the medium-sized mills increased up to INR 1,600/tonne ($21), d-o-d, on 28 Apr’22. Sponge iron and billets prices surged in the range of INR 150-1,600/t following a sharp increase of INR 1,600/t seen in Mandi Gobindgarh’s billet market. Also, rebar (Fe 500) offers…