On June 7, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 30,600-30,800/mt ($441-444/mt) ex-Raipur.
Sources inform SteelOrbis that offer prices have declined to INR 30,300-30,500/mt ($436-439/mt) ex-Raipur. Prices decreased by $5/mt from the bottom and top of the respective previous range. Sources inform SteelOrbis that this price range has not been present in the market since late December 2017.
USD = INR 69.37 (Jun 7)
USD = INR 69.52 (Jun 10)