Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 8 Apr
India’s induction furnace (IF) steel market witnessed a downturn on 8 Apr’22 as offers from the medium-sized mills decreased by up to INR 1,500/tonne ($20) (t) d-o-d. Sponge iron and billet prices fell in the range of INR 250-1,500/t following a decrease of INR 1,500/t seen in Raigarh and Jalna’s billet. Also, rebar (Fe 500)…