On April 16, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 31,500-31,700/mt ($453-456/mt) ex-Raipur.
Sources inform SteelOrbis that on April 23 prices are trending stable at INR 31,500-31,700/mt ($452-455/mt) ex-Raipur. Due to currency fluctuations, prices decreased by $1/mt.
USD = INR 69.54 (Apr 16)
USD = INR 69.74 (Apr 23)