Tag: billet/bloom/ingot
-
Indian DRI, billet and re-bar update – 25 Jan
Steel prices in the domestic induction furnace (IF) steel market remained supported on 25 Jan’22. Prices of the mid-sized mills increased by up to INR 600/tonne (t) ($8/t) d-o-d. Sponge iron and billet offers surged INR 50-500/t in major markets. A sharp hike of around INR 500/t was observed in Hyderabad and Chennai (south India).…