On July 24, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 26,700-27,000/mt ($387-391/mt) ex-Raipur. Sources inform SteelOrbis that offer prices decreased at the lowest point for the month and are now reportedly at INR 26,200-26,500/mt ($381-385/mt) ex-Raipur. Prices decreased $6/mt from both the bottom and top of the previous range.
USD = INR 68.98 (Jul 24)
USD = INR 68.80 (Jul 29)