SteelMint

Tag: billet/bloom/ingot

  • Indian DRI, billet and re-bar update – 11 Jan

    Indian DRI, billet and re-bar update – 11 Jan

    —

    by

    Abhishek Rai
    in

    The domestic induction furnace (IF) steel market witnessed a surge in prices on 11 Jan’22. Steel prices of the mid-sized mills increased by up to INR 1,100/tonne (t) ($15/t) d-o-d. Sponge iron and billet prices rose in the range of INR 300-1,100/t across locations in the country. Billet prices rose sharply by INR 1,100/t in…