On January 28, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 31,800-32,000/mt.($447-450/mt) ex-Raipur.
Sources inform SteelOrbis that prices now have dipped further and are reportedly at INR 31,700-31,900/mt ($445-448/mt) ex-Raipur, down $2/mt.
USD = INR 71.09 (Jan 28)
USD = INR 71.27 (Jan 30)