Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 2 Mar
India’s induction furnace (IF) steel market remained supported on 2 Mar’22 and offers from the mid-sized mills increased by up to INR 1,200/tonne (t) ($15/t) d-o-d. Sponge iron and billet prices increased in the range of INR 200-1,200/t, with a major hike observed in Jalna’s (Maharashtra) billet market. Rebar (Fe 500) offers also rose by…