UTC+8 ( BJT)

Indian DRI, billet and rebar update - 19 Apr


Indian secondary steel market continued to see a decline in offers today and the prices have dropped by upto INR 1,500/t ($20) on d-o-d basis.
As per SteelMint’s assessment, the domestic sponge iron and billet prices have dropped by INR 200-1,500/t in many regions with a major fall of INR 1,000-1,500/t being noticed in Ahmedabad & Mumbai, Western India. Also, the trades in the rebar market were dull today and offers have fallen by INR 100-600/t


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