On November 12, SteelOrbis reported a downward trend for Indian domestic induction grade billet offers at INR 33,500-33,800/mt ($460-464/mt) ex-works Raipur (central east India).
Regional sources inform SteelOrbis that billet prices have ticked down again today and are now reportedly at INR 33,400-33,700/mt ($461-465/mt) ex-Raipur. Due to currency fluctuations, the price increased $1/mt.
USD = INR 72.89 (Nov 12)
USD = INR 72.50 (Nov 13)