Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 5 Apr
India’s induction furnace (IF) steel market witnessed a declining trend on 5 Apr’22, as offers from the medium-sized mills decreased by up to INR 1,200/tonne (t) ($16) d-o-d. Sponge iron and billet prices edged down in the range of INR 200-1050/t following a decline of INR 1050/t in Raigarh’s billet market. Also, rebar (Fe 500)…