Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 20 May
India’s induction furnace (IF) steel market witnessed an upward price trend while offers from the medium-sized mills increased by up to INR 800/tonne d-o-d, on 20 May. Sponge iron and billets prices rose in the range of INR 100-600/t following a INR 600/t increase in Durgapur sponge iron prices. Also, rebar (Fe 500) offers were…