On April 4, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 31,800-32,000/mt ($461-464/mt) ex-Raipur.
Sources inform SteelOrbis that while prices dipped over the past week, they are presently at INR 31,500-31,700/mt ($453-456/mt) ex-Raipur, down $8/mt.
USD = INR 68.99 (Apr 4)
USD = INR 69.54 (Apr 16)