Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 1 April
India’s induction furnace (IF) steel market witnessed positive trends on 1 Apr’22, as offers from the medium-sized mills increased by up to INR 1,500/tonne (t) ($19) d-o-d. Sponge iron and billet prices rose in the range of INR 200-1,100/t following a sharp hike of INR 1,100/t observed in Durgapur and Raipur’s billet market. Also, rebar…