Indian domestic billet prices continue trending strong

Tuesday, 12 February 2019 23:09:40 (GMT+3)   |   San Diego

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)

Most Recent Related Articles

Indian billet exporters in hurry to conclude deals as negative notes emerge

Import scrap prices in India rise due to UAE export ban, demand weak

Indian mills try to accelerate billet exports, target higher prices

Indian exporters sell large billet volumes to China, prices higher in sporadic deals

Indian exporters sell more than 100,000 mt of billet