On February 14, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 34,000-34,400/mt ($479-484/mt) ex-Raipur due to lower inquiries.
Sources inform SteelOrbis that prices have softened further to INR 33,800-34,200/mt ($474-479/mt) ex-Raipur, down $5/mt.
USD = INR 71.03 (Feb 14)
USD = INR 71.34 (Feb 15)