Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 3 Jun
India’s induction furnace (IF) steel market witnessed prices trending upwards, while offers across mills increased up to INR 2,000/tonne (t) ($26) d-o-d on 3 Jun’22. Sponge iron and billet prices surged in the range of INR 100-950/t following a rise of INR 950/t seen in Ramgarh’s billet market in eastern India. Also, rebar (Fe 500)…