On February 15, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 33,800-34,200/mt ($474-479/mt) ex-Raipur.
Sources inform SteelOrbis that prices have softened further to INR 33,400-33,600/mt ($469-471/mt) ex-Raipur, down $5/mt from the bottom of the previous range and $8/mt from the top of the same range.
USD = INR 71.34 (Feb 15)
USD = INR 71.28 (Feb 19)