Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 13 Apr
India’s induction furnace (IF) steel market witnessed an uptrend on 13 Apr’22 as offers from the medium-sized mills increased by up to INR 2,000/tonne ($26/t) d-o-d. Sponge iron and billet prices surged in the range of INR 450-2,000/t. Prices rose by INR 2,000/t in Mumbai’s billet market in western India. Also, rebar (Fe 500) offers…