On January 10, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 31,000-31,200/mt ($440-443/mt) ex-Raipur.
Sources close to SteelOrbis report that Indian domestic billet is relatively stable at INR 31,000-31,300/mt ($438-442/mt) ex-Raipur. Due to currency fluctuations, billet has decreased $2/mt from the bottom of the range and $1/mt from the top of the same range.
USD = INR 70.44 (Jan 10)
USD = INR 70.77 (Jan 14)