On June 17, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 29,500-29,800/mt ($422-427/mt) ex-Raipur.
Sources inform SteelOrbis that offer prices declined further on June 20 and are presently at INR 28,500-28,900/mt ($410-416/mt) ex-Raipur. Prices decreased by $12/mt from the bottom of the previous range and $11/mt from the top of the same range.
USD = INR 69.84 (June 17)
USD = INR 69.50 (June 20)