On February 26, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 32,400-32,600/mt ($456-459/mt) ex-Raipur.
Sources inform SteelOrbis that domestic induction grade billet offers are now at INR 33,000-33,200/mt ($467-470/mt) ex-Raipur, up $11/mt compared to late February. A source noted that “around March 1 offers sought a further uptick but were unsustainable and adjusted slightly down to present levels.”
USD = INR 71.01 (Feb 26)
USD = INR 70.59 (Mar 5)