On March 7, SteelOrbis reported Indian domestic induction grade billet offer prices down at INR 32,000-32,500/mt ($456-463/mt) ex-Raipur.
According to sources, prices have since decreased to INR 31,500-31,900/mt ($454-460/mt) ex-Raipur, with prices down $2/mt from the bottom of the previous range and $3/mt from the top of the same range.
USD = INR 70.16 (Mar 7)
USD = INR 69.36 (Mar 14)