Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 25 Apr
India’s induction furnace (IF) steel market witnessed a downtrend on 25 Apr’22 as offers from the medium-sized mills decreased by up to INR 2,000/tonne ($26) (t) d-o-d. Sponge iron and billet prices fell in the range of INR 500-2,000/t following a maximum decrease of INR 2,000/t seen in Hyderabad’s billet market. Also, rebar (Fe 500)…