Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 11 Mar
India’s induction furnace (IF) steel market remained sluggish due to subdued demand on 11 Mar’22. Offers from the mid-sized mills decreased by up to INR 1,200/tonne (t) d-o-d. Sponge iron and billet prices declined in the range of INR 50-1,200/t, with a major fall seen in Bellary’s (south India) sponge iron market. Rebar (Fe 500)…