Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 3 Mar
India’s induction furnace (IF) steel market remained supported on 3 Mar’22. Offers from the mid-sized mills increased by up to INR 2,600/tonne (t) ($34/t) d-o-d. Sponge iron and billets prices increased in the range of INR 800-2,300/t, with a maximum hike seen in Bellary’s sponge iron market. Rebar (Fe 500) offers also increased by INR…