Sources inform SteelOrbis that domestic secondary billet trade prices in India are presently at INR 33,000-34,500/mt ($505-528/mt) ex-mill. The same INR price range a week ago translated to $507-530/mt ex-mill, therefore, over the past week prices declined $2/mt on currency fluctuations. Sources report a volume of transactions slipping down from the higher end of the range.
US = INR 65.09 (Mar 9)
US = INR 65.30 (Mar 19)