On March 25, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 31,800-32,100/mt ($462-466/mt) ex-Raipur.
Sources inform SteelOrbis that the higher offer prices were not sustainable and are now reportedly at INR 31,200-31,500/mt ($450-455/mt) ex-Raipur, down $12/mt from the bottom of the previous range and $11/mt from the top of the same range.
USD = INR 68.89 (Mar 25)
USD = INR 69.30 (Mar 28)