Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 7 Feb
India’s induction furnace (IF) steel market witnessed a reversal in trends on 7 Feb’22 as offers from the mid-sized mills declined by up to INR 600/tonne (t) ($8/t) d-o-d. Sponge iron and billet prices dropped in the broad range of INR 50-600/t in many regions of the country. Although, a major fall of INR 600/t…