BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

Go to List

Indian DRI, billet and rebar update - 4 Oct

...

Semi Finished

BigMint Bureau

160 Reads

4 Oct 2024, 18:26 IST

Indian DRI, billet and rebar update - 4 Oct

India's induction furnace (IF) steel prices fluctuated on Friday, with mill offers varying by INR 100-800/tonne (t) d-o-d compared to the previous trading session.

Sponge iron prices also fluctuated by INR 200-500/t, with the Durgapur and Jharsugda markets experiencing an increase of INR 500/t.

Billet prices rose by INR 100-800/t, with the Mumabai market seeing the highest increase of INR 800/t today.

Rebar (Fe 500) offers varied between INR 200-800/t, with the sharpest increased in Muzaffarnagar and Mumabai markets.

Overall, the semi-finished steel market saw a slight increase in offers, following a rise in finished steel offers across different regions. Only need-based buying was observed, resulting in moderate trade volumes as buyers remained cautious about bulk bookings.

Click here for rebar brand-wise details

BigMint's price assessment (Region wise)