Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 25 May
India’s induction furnace (IF) steel market witnessed a downtrend in prices. Offers across mills decreased by up to INR 2,300/tonne($30/t) d-o-d, on 25 May 2022. Sponge iron and billet prices fell by INR 200-1,500/t following a decrease of INR 1,500/t seen in Durgapur, Ramgarh and Hyderabad’s billets market. Also, rebar (Fe 500) offers declined in…