On March 20, SteelOrbis reported Indian domestic induction grade billet offer prices down at INR 31,300-31,600/mt ($455-459/mt) ex-Raipur.
Sources inform SteelOrbis that prices increased over the past week. Billet prices are now reportedly at INR 31,800-32,100/mt ($462-466/mt) ex-Raipur, up $7/mt from the bottom of the previous range and $7/mt from the top of the same range.
USD = INR 68.80 (Mar 20)
USD = INR 68.89 (Mar 25)