Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 15 Mar
India’s induction furnace (IF) steel market witnessed a downtrend on 15 Mar’22 as offers from the medium-sized mills decreased by up to INR 4,000/tonne (t) ($52) d-o-d. Sponge iron and billet prices declined in the range of INR 200-2,300/t, with a major fall seen in Ramgarh’s billet market. Rebar (Fe 500) offers dropped in the…