{"id":70067,"date":"2026-06-30T15:54:18","date_gmt":"2026-06-30T09:54:18","guid":{"rendered":"https:\/\/biztrend24.com\/?p=70067"},"modified":"2026-06-30T15:54:18","modified_gmt":"2026-06-30T09:54:18","slug":"indian-dri-billet-rebar-update-29-jun","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=70067&lang=en","title":{"rendered":"Indian DRI, billet, rebar update &#8211; 29 Jun"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Prices increase amid moderate bookings<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Hikes unlikely to sustain if buying slows<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>India&#8217;s induction furnace (IF) steel prices increased d-o-d across regions on 29 June 2026.<\/p>\n<p>Sponge iron prices increased by INR 100-350\/t d-o-d across markets, with the sharpest rise of INR 350\/t recorded in Durgapur, where prices settled at INR 23,900\/t.<\/p>\n<p>Billet prices witnessed an increase of INR 250-500\/t d-o-d across major markets. The highest increase of INR 500\/t was observed in Raigarh, Hyderabad, and Bhavnagar.<\/p>\n<p>IF-route rebar (Fe 500) prices rose by INR 100-600\/t d-o-d across major markets. Mandi Gobindgarh and Jaipur registered the highest gain of INR 600\/t, with prices settling at INR 48,000\/t and INR 46,300\/t, respectively.<\/p>\n<p>Trading activity improved slightly in most regions. Prices increased, driven primarily by moderate finished steel bookings received by manufacturers in Saturday&#8217;s trading session. Prices of semi-finished steel also showed a slight improvement, encouraging moderate bookings. However, the price rise is unlikely to sustain if healthy trading activity does not continue. As per the current scenario, prices are likely to remain volatile this week, depending upon finished steel sales.<\/p>\n<p>The conversion spread from sponge iron (PDRI) to billets for the standalone induction furnaces in the Raipur cluster was assessed at INR 14,950\/t.<\/p>\n<p><a href=\"https:\/\/www.bigmint.co\/insights\/detail\/india-s-brand-wise-rebar-offers-as-on-29-jun-26-12-25-mm-764422\" target=\"_blank\" rel=\"noopener\">Click here for\u00a0brand-wise\u00a0rebar details<\/a><\/p>\n<p>BigMint&#8217;s price assessment (region-wise)<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-764622\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/06\/29-june-dri-table.png?resize=640%2C1214&#038;ssl=1\" alt=\"\" width=\"640\" height=\"1214\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices increase amid moderate bookings Hikes unlikely to sustain if buying slows India&#8217;s induction furnace&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-70067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?fit=1280%2C720&ssl=1?v=1782813253",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?resize=150%2C150&ssl=1?v=1782813253",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?fit=300%2C169&ssl=1?v=1782813253",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?fit=640%2C360&ssl=1?v=1782813253",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?fit=640%2C360&ssl=1?v=1782813253",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?fit=1280%2C720&ssl=1?v=1782813253",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?fit=1280%2C720&ssl=1?v=1782813253",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?resize=1115%2C715&ssl=1?v=1782813253",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?resize=800%2C500&ssl=1?v=1782813253",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?fit=1024%2C576&ssl=1?v=1782813253",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?resize=540%2C340&ssl=1?v=1782813253",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?resize=400%2C250&ssl=1?v=1782813253",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-46-4.jpg?fit=1280%2C720&ssl=1?v=1782813253","jetpack-related-posts":[{"id":70064,"url":"https:\/\/biztrend24.com\/?p=70064&lang=en","url_meta":{"origin":70067,"position":0},"title":"India: BigMint&#8217;s ferrous scrap index rises INR 300\/t d-o-d amid moderate steel demand","author":"Biz Trend 24","date":"June 30, 2026","format":false,"excerpt":"Power outage concerns support steel prices Semi,finished steel prices jumps INR 600\/t d-o-d BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300\/tonne (t) d-o-d to INR 38,500\/t DAP on 29 June.Recent power-cut news lifted trading activity in the region, but demand for semi-finished and finished\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":56555,"url":"https:\/\/biztrend24.com\/?p=56555&lang=en","url_meta":{"origin":70067,"position":1},"title":"BigMint&#8217;s India steel index rises sharply as mills announce further price hikes for key products","author":"Biz Trend 24","date":"February 9, 2026","format":false,"excerpt":"Primary mills raise BF rebar prices by INR 3,000\/t IF rebar prices rise by $50\/t m-o-m in Jan'26 Tier-1 mills hike HRC, CRC prices by INR 1,750-2,500\/t Morning Brief:\u00a0The India steel composite index, BigMint's flagship offering which is a barometer of the domestic steel market, witnessed a spike in the\u2026","rel":"","context":"In &quot;Iron &amp; 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Buyer participation remained selective throughout the session. BigMint's billet index edged up by INR 350\/t d-o-d to INR 39,100\/t exw-Raipur on 29 June 2026, supported by improved market sentiment and selective bookings across the semi-finished steel segment. The previous trading session witnessed\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":58912,"url":"https:\/\/biztrend24.com\/?p=58912&lang=en","url_meta":{"origin":70067,"position":3},"title":"Weekly round-up: Semi-finished steel prices drop amid overall demand downtrend","author":"Biz Trend 24","date":"March 1, 2026","format":false,"excerpt":"IF rebar prices fall on rising inventories, approaching Holi BF rebar prices remain stable even as mills raise list prices The Indian steel market remained subdued during the week ended 28 February, as demand weakened and market sentiment turned cautious. Semi-finished steel (billet) prices fell w-o-w, as finished steel saw\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114338.634.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114338.634.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114338.634.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114338.634.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114338.634.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59806,"url":"https:\/\/biztrend24.com\/?p=59806&lang=en","url_meta":{"origin":70067,"position":4},"title":"Weekly round-up: Semis, longs rise on higher input costs; scrap buying cautious amid freight surge","author":"Biz Trend 24","date":"March 8, 2026","format":false,"excerpt":"Billet and sponge iron prices rise sharply w-o-w on higher raw material costs and improved bookings Imported coal prices jump INR 1,100-1,200\/t, while scrap buying stays cautious amid rising freight The domestic steel and raw materials market strengthened in the week ended 6 March, supported by higher input costs and\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":52203,"url":"https:\/\/biztrend24.com\/?p=52203&lang=en","url_meta":{"origin":70067,"position":5},"title":"India: Melting scrap prices increase by INR 600\/t d-o-d in Alang","author":"Biz Trend 24","date":"December 29, 2025","format":false,"excerpt":"Ship-breaking melting scrap prices in Gujarat's Alang rose by INR 600\/t d-o-d on 29 Dec'25. HMS (80:20) prices were assessed at INR 32,100\/t ($357\/t) exy. In the regional market, billet and rebar prices rose sharply by INR 2,000-3,000\/t m-o-m, while scrap offers remained largely stable until last week. Ship-breaking scrap\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70067"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70067\/revisions"}],"predecessor-version":[{"id":70069,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70067\/revisions\/70069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/70068"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}