Tag: billet/bloom/ingot

Induction furnace (IF)-route semi-finished steel prices  in Durgapur, West Bengal, edged lower today. Offers floated by the mills fell up to INR 450/t. Sponge iron prices also dropped by INR 450/t. Around 2,200 t sponge pellet trades took place at INR 32,100-32,300/t DAP Durgapur. Billet prices saw some stability today. However, demand for billets remained low-to-moderate…