On October 25, SteelOrbis reported a downward trend for Indian domestic induction grade billet offers at INR 33,900-34,200/mt ($462-467/mt) ex-Raipur (central east India, Chhattisgarh).
Sources inform SteelOrbis that prices in the region have been oscillating at INR 33,800-34,000/mt for the past week and are presently at INR 33,500-33,800/mt ($460-464/mt) ex-Raipur. The prices declined $2/mt from the bottom of the previous range and $3/mt from the top of the same range.
USD = INR 73.22 (Oct 25)
USD = INR 72.89 (Nov 12)