Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 4 Mar
India’s induction furnace (IF) steel market saw prices remained supported on 4 Mar’22. Offers from the mid-sized mills rose further by up to INR 2,900/tonne (t) ($38/t) d-o-d. Sponge iron and billet prices increased in the range of INR 300-2,000/t, with the maximum hike seen in Raipur’s sponge iron market. Rebar (Fe 500) offers also…