Indian DRI, billet and re-bar update - 14 Apr

India's induction furnace (IF) steel market witnessed a Upward trend on 14 Apr'22 as offers from the medium-sized mills increased by up to INR 1,000/tonne ($13) (t) d-o-d.

Sponge iron and billet prices Surged in the range of INR 200-1,000/t following a increase of INR 1000/t seen in Mumbai, Mandi gobindgarh ,Chennai and Rourkela's billet market.

Also, rebar (Fe 500) offers varied in the range of INR 200-600/t across regions. Prices witnessed an increase in Jaipur's makret by around INR 600/t.

Overall, markets remained active today with average trade activities triggering marginal increase in prices.

Click here for re-bar brand wise details

SteelMint's price assessment (Region wise)