On February 11, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 33,200-33,400/mt ($466-469/mt) ex-Raipur.
Sources inform SteelOrbis that offer prices are now at INR 33,300-33,500/mt ($472-475/mt) ex-Raipur, up $6/mt primarily on a stronger INR against the dollar.
USD = INR 71.17 (Feb 11)
USD = INR 70.57 (Feb 12)