Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 4 May
India’s induction furnace (IF) steel market witnessed downward price trends, while offers from the medium-sized mills declined up to INR 1,500/tonne ($19) d-o-d, on 4 May’22. Sponge iron and billet prices fell in the range of INR 100-1,000/t following a sharp fall of INR 1,000/t in Mandi Gobindgarh, Chennai and Hyderabad’s billet market. Also, rebar…