Indian DRI, billet and re-bar update - 12 Apr

India's induction furnace (IF) steel market witnessed mixed trends on 12 Apr'22 as offers from the medium-sized mills varied in the range of INR 50- 2,200/tonne (t) d-o-d.

Sponge iron and billet prices varied in the range of INR 50-1,000/t following a decrease of INR 1,000/t in Chennai's market in southern India.

Also, rebar (Fe 500) offers declined in the range of INR 200-2,200/t across regions. Prices decreased by INR 2,200/t in Jalna, west India.

Although prices rose marginally in some markets, they generally trended lower on average trade activites.

Click here for re-bar brand wise details

SteelMint's price assessment (Region wise)