Tag: billet/bloom/ingot

The domestic induction furnace (IF) steel market witnessed dull offers today, although prices remained strong in a few locations across the country. Steel prices of the mid-sized mills declined by up to INR 500/tonne (t) ($7/t) d-o-d. Sponge iron and billet offers decreased by INR 100-500/t in many regions, whereas a major hike of INR…