Indian DRI, billet and rebar update - 5 Oct
India’s induction furnace (IF) steel market prices followed an upward movement on 5 October, 2023, as offers floated by the mills increased in the range of INR ...
India's induction furnace (IF) steel market prices followed an upward movement on 5 October, 2023, as offers floated by the mills increased in the range of INR 100-900/tonne (t) d-o-d compared to the previous trading session.
Sponge iron prices rose in the range of INR 150-550/t. The highest rise was seen in the Hyderabad and Bellary markets.
Billet prices increased in the range of INR 200-750/t. The highest increase was seen in the Hyderabad market.
Rebar (Fe 500) offers surged in the range of INR 100-900/t, with the Raipur market witnessing the sharpest rise.
Moderate bookings were observed in the market today as prices continued climbing up. Participants expect market sentiments to remain positive in the near term.
Click here for re-bar brand wise details.
