Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 23 Mar
India’s induction furnace (IF) steel market witnessed dull trend due to slow demand on 23 Mar’22 as offers from the mid-sized mills fell by up to INR 1,500/tonne (t) ($19) d-o-d. Sponge iron and billet prices dropped in the range of INR 300-1,500/t, however a major fall noticed in Rourkela’s billet market. Also, rebar (Fe…