On June 25, SteelOrbis reported a downtrend for Indian induction-grade billet prices, with prices slipping to INR 35,200/mt ($517/mt) ex-mill Raipur (central Indian region).
Sources inform SteelOrbis that the downtrend has continued, and prices on June 26 are reportedly at INR 34,700/mt ($508/mt) ex-mill Raipur. The trend is attributed to limited inquiries on market uncertainty.
USD = INR 68.11 (Jun 25)
USD = INR 68.37 (Jun 26)