Indian DRI, billet and re-bar update - 2 Jun

India's induction furnace (IF) steel market witnessed mixed price trends, while offers across mills varied in the range INR 50- 700/tonne d-o-d on 2 Jun'22.

Sponge iron and billet prices surged in the range of INR 50-700/t following a increase of INR 700/t seen in Durgapur's sponge iron market.

Also, rebar (Fe 500) offers varied in the range of INR 100-500/t across regions. Prices fell in the Chennai and Hyderabad markets by INR 500/t.

The market observed a slight improvement in semi-finished steel offers and spot trades in some regions, while enquiries for finished long products remained subdued, SteelMint Notes.

Click here for re-bar brand wise details

SteelMint's price assessment (Region wise)