Tag: billet/bloom/ingot

India: Semis market remains volatile in West Bengal amid weak steel demand

Aug 26, 2022

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by

Abhishek Rai

in Billet, Semi Finished

Induction furnace (IF)-route semi-finished steel prices in Durgapur, West Bengal, remained volatile today. Offers floated by the mills varied up to INR 50-100/t. Sponge iron prices dropped INR 50/t. Demand for sponge remained weak throughout the day. Around 2,650 t of trade happened at INR 33,000-33,400 DAP. Billet prices rose by INR 100/t. Sellers held…