Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 30 Jun
India’s induction furnace (IF) steel market witnessed downward price trends, while offers floated by the mills decreased by up to INR 700/tonne (t) d-o-d on 30 June, 2022. Sponge iron and billet prices fell in the range of INR 100-500/t. Prices dropped INR 500/t in Mumbai’s and Hyderabad’s billet market. Also, rebar (Fe 500) offers…