Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 3 Feb
India’s induction furnace (IF) steel market saw prices edging lower on 3 Feb’22, as offers from the mid-sized mills drifted down by up to INR 1,000/tonne (t) ($13/t) d-o-d. Sponge iron and billet prices declined in the range of INR 100-1,000/t in different markets across the country. However, a major drop of INR 1,000/t in…