On February 8, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 32,400-32,600/mt ($454-458/mt) ex-Raipur.
Regional sources inform SteelOrbis that prices are now at INR 33,200-33,400/mt ($466-469/mt), up $12/mt from the bottom of the previous range and $11/mt from the top of the same range.
USD = INR 71.21 (Feb 8)
USD = INR 71.17 (Feb 11)