Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 25 Mar
India’s induction furnace (IF) steel market remained dull due to slow demand on 25 Mar’22 as offers from the mid-sized mills decreased by up to INR 1,600/tonne (t) ($21) d-o-d. Sponge iron and billet prices declined in the range of INR 100-1,300/t. However, a sharp fall of INR 1,300/t was observed in Raipur’s billet market.…