Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 11 May
India’s induction furnace (IF) steel market witnessed prices moving downwards today, while offers from the medium-sized mills fell up to INR 1,800/tonne ($23) d-o-d, on 11 May’22. Sponge iron and billet prices fell in the wide range of INR 100-1,050/t across markets, with a sharp decline of INR 1,050/t seen in Mandi Gobindgarh’s billet market.…