Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 2 Feb
India’s induction furnace (IF) steel market witnessed positive trends on 2 Feb’22. Offers from the mid-sized mills were reported higher by up to INR 500/tonne (t) ($7/t) d-o-d. Sponge iron and billet prices increased by INR 50-500/t across different locations in the country, whereas a slight drop of INR 100-250/t was seen in sponge iron…