Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 11 Feb
India’s induction furnace (IF) steel market continued to witness dull trading activities on 11 Feb’22. Offers from the mid-sized mills declined futher by up to INR 500/tonne (t) ($7/t) d-o-d. Sponge iron and billets prices dropped by INR 50-500/t following a major drop seen in billet prices in Jalna and Durgapur. Rebar (Fe 500) offers…