On December 4, SteelOrbis reported Indian domestic billet offers were trending stable over the week at INR 31,100-31,500/mt ($440-446/mt) ex-works Raipur, but down in dollar terms due to currency fluctuations.
Sources inform SteelOrbis that prices have increased to INR 31,500-31,800/mt ($446-451/mt), up $6/mt from the bottom of the previous range and $5/mt from the top of the same range.
USD = INR 70.64 (Dec 4)
USD = INR 70.57 (Dec 7)