Tag: billet/bloom/ingot
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Indian DRI, billet and re-bar update – 3 May
India’s induction furnace (IF) steel market witnessed downward price trends, while offers from the medium-sized mills declined up to INR 1,250/tonne ($16) d-o-d, on 3 May’22. Sponge iron and billet prices fell in the range of INR 100-1,250/t after a sharp fall of INR 1,250/t in the billet market of Mandi Gobindgarh, Punjab. Moreover, rebar…