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)