On February 5, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 32,200-32,400/mt ($450-453/mt) ex-Raipur.
Sources now inform SteelOrbis that prices have continued the upward trend this week and are presently at INR 32,400-32,600/mt ($454-458/mt) ex-Raipur, up $4/mt from the bottom of the previous range and $5/mt from the top of the same range.
USD = INR 71.54 (Feb 5)
USD = INR 71.21 (Feb 8)