On February 4, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 32,100-32,300/mt ($448-450/mt) ex-Raipur.
Sources now inform SteelOrbis that billet offers have ticked up again day-on-day and are now reportedly at INR 32,200-32,400/mt ($450-453/mt) ex-Raipur, up $2/mt from the bottom of the previous range and $3/mt from the top of the same range.
USD = INR 71.71 (Feb 4)
USD = INR 71.54 (Feb 5)