Indian secondary billet prices up $11 on higher cost of DRI

A surge in raw material prices, principally for direct-reduced iron (DRI), over the week ended Friday July 30 has led to Indian secondary billet prices rising by about 800 rupees ($11) per tonne.

Fastmarkets assessed the price of steel billet, domestic, ex-works India, at 43,000-43,200 rupees ($579-582) per tonne on Friday, up by 800 rupees per tonne from last week’s assessment at 42,200-42,400 rupees per tonne.

“The...

Published

Suresh Nair

July 30, 2021

16:15 GMT

Mumbai