India’s domestic billet prices

Wednesday, 12 June 2019 22:31:59 (GMT+3)   |   San Diego

On June 10, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 30,300-30,500/mt ($436-439/mt) ex-Raipur.

Sources inform SteelOrbis that offer prices declined further on June 11, breaching the INR 30,000/mt level but as of June 12 prices have encountered a slight rebound to INR 30,000-30,200/mt ($432-435/mt) ex-Raipur. Compared to June 10, prices decreased by $4/mt from both the bottom and top of the previous range.

USD = INR 69.52 (Jun 10)

USD = INR 69.38 (Jun 12)

Most Recent Related Articles

Higher ex-India billet prices find buyers in China and beyond

Indian billet exporters in hurry to conclude deals as negative notes emerge

Import scrap prices in India rise due to UAE export ban, demand weak

Indian mills try to accelerate billet exports, target higher prices

Indian exporters sell large billet volumes to China, prices higher in sporadic deals