On February 22, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 33,200-33,500/mt ($467-472/mt) ex-Raipur.
Sources inform SteelOrbis that domestic induction grade billet offers are now at INR 32,400-32,600/mt ($456-459/mt) ex-Raipur, down $11/mt from the bottom of the previous range and $13/mt from the top of the same range.
USD = INR 71.05 (Feb 22)
USD = INR 71.01 (Feb 26)