Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 8 Feb
India’s induction furnace (IF) steel market remained volatile on 8 Feb’22 as offers from the mid-sized mills fluctuated in the range of INR 50-550/tonne (t) d-o-d. Sponge iron prices declined by INR 50-550/t with a major drop seen in Bellary (south India). Billet offers fluctuated by INR 50-500/t in many regions. Also, the rebar (Fe…