Billet market in India firms up

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.