Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 26 May
India’s induction furnace (IF) steel market witnessed a downward trend in prices, while offers from mills of varying capacities decreased up to INR 2,100/tonne ($27) d-o-d on 26 May’22. Sponge iron and billet prices fell in the range of INR 150-1,000/t following a decrease of INR 1,000/t seen in Jalna’s billet market (western India). Also,…