UTC+8 ( BJT)

Indian DRI, billet and re-bar update

ABSTRACT

The Indian induction furnace (IF) steel market saw volatility in prices on 18 Oct’21 as steel prices of the mid-sized mills fluctuated in the range of INR 50-800/tonne (t) across the country, d-o-d.
As per SteelMint’s assessment, semi-finished steel (including sponge iron and billet) prices fluctuated in the range of INR 50-800/t in the major markets; however offers increased by INR 50-450/t in the eastern belt (including Durgapur, Rourkela and Ramgarh). In addition, rebar prices also fluctuated by INR 100-800/t across the country with

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