On December 10, SteelOrbis reported Indian domestic billet offers were trending down to INR 31,200-31,500/mt ($430-434/mt) ex-works Raipur.
Sources inform SteelOrbis that domestic billet prices have since softened to INR 30,900-31,200/mt ($430-434/mt) ex-works Raipur. While prices decreased in domestic terms, prices in dollar terms remain stable.
USD = INR 72.52 (Dec 10)
USD = INR 71.82 (Dec 12)