Tag: billet/bloom/ongot
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Indian DRI, billet and re-bar update – 9 Feb
India’s induction furnace (IF) steel market witnessed offers from the mid-sized mills decline by up to INR 600/tonne (t) ($8/t) d-o-d on 9 Feb’22. Sponge iron and billet prices decreased by INR 100-600/t; however a major drop was seen in the sponge iron market in Durgapur, eastern India. Rebar (Fe 500) offers fell in the…