On March 14, SteelOrbis reported Indian domestic induction grade billet offer prices down at INR 31,500-31,900/mt ($454-460/mt) ex-Raipur.
Sources inform SteelOrbis that domestic biller offers have softened further and are now at INR 31,300-31,600/mt ($455-459/mt) ex-Raipur. While domestic prices have decreased, prices increased $1/mt from the bottom of the previous range on currency fluctuations, while decreasing $1/mt from the top of the previous range.
USD = INR 69.36 (Mar 14)
USD = INR 68.80 (Mar 20)