SteelOrbis has learned that a government energy supply restriction has led to a shortage of
billet availability in north
India. This has in turn led to an increase in
billet and long product prices within a short period of time. Prices in both
India's domestic and export markets have moved up by around $10-20/mt, according to reports received by SteelOrbis. The price range for
billet exports on FOB basis is currently at around $380-405/mt.