On February 1, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 31,800-32,000/mt ($445-448/mt) ex-Raipur.
Sources inform SteelOrbis that prices have trended up and are now at INR 32,100-32,300/mt ($448-450/mt) ex-Raipur, up $3/mt from the bottom of the previous range and $2/mt from the top of the same range.
USD = INR 71.44 (Feb 1)
USD = INR 71.71 (Feb 4)