Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 24 May
India’s induction furnace (IF) steel market witnessed price corrections, while offers from the medium-sized mills fell by up to INR 2,100/tonne ($27) d-o-d, on 24 May 2022. Sponge iron and billets prices fell in the range of INR 200-2,100/t with a decrease of INR 2,100/t seen in Mandi Gobindgarh’s billet market. Also, rebar (Fe 500)…