On December 12, SteelOrbis reported Indian domestic billet offer prices softening in domestic terms but remaining stable in dollar terms. Domestic billet prices were reportedly at INR 30,900-31,200/mt ($430-434/mt) ex-works Raipur. Sources inform SteelOrbis that prices have remained stable as the week closes, at INR 30,900-31,200/mt ($430-434/mt) ex-works Raipur.
USD = INR 72.52 (Dec 10)
USD = INR 71.82 (Dec 12)
USD = INR 71.91 (Dec 14)