Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 1 Mar
India’s induction furnace (IF) steel market further witnessed supportive trends on 1 Mar’22. Offers of 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 150-1,800/t, with a major hike observed in Mumbai’s (Maharashtra) billets market. Rebar (Fe 500) offers also rose by…