Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 1 Feb
India’s induction furnace (IF) steel market remained positive on 1 Feb’22. Offers from the mid-sized mills increased by up to INR 500/tonne (t) ($7/t) d-o-d. Billets offers moved up marginally by INR 100-400/t across the country. On the other hand, sponge iron prices fluctuated by INR 50-300/t in major markets in which the only drop…