SteelMint

Tag: BILLET

  • Indian DRI, billet and re-bar update – 7 Feb

    Indian DRI, billet and re-bar update – 7 Feb

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    by

    Vinay Tiwari
    in ,

    India’s induction furnace (IF) steel market witnessed dull response from buyers at prevailing offers. Prices decreased up to INR 600/tonne (t) d-o-d on 7 February, 2023. Sponge iron offers fell sharply by INR 100-600/t. The sharpest decline of INR 600/t was seen in Durgapur in eastern India. Billet prices dropped in the range of INR…