Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 18 May
India’s induction furnace (IF) steel prices witnessed a downtrend today, while offers from the medium-sized mills fell up to INR 1,000/tonne d-o-d on 18 May’22. Sponge iron and billet prices dropped in the range of INR 100-1,000/t following a decline of INR 1,000/t in Chennai’s billet market. Also, rebar (Fe 500) offers edged down in…