India’s domestic billet prices fluctuate but rebound

Thursday, 30 May 2019 00:44:22 (GMT+3)   |   San Diego

On May 21, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 31,600-31,800/mt ($454-457/mt) ex-Raipur.

Sources inform SteelOrbis that offer prices eroded throughout the week until May 28. In total, the offer prices declined about INR 400/mt ($6/mt) but have now rebounded to May 21 levels of INR 31,600-31,800/mt ($453-456/mt) ex-Raipur. Due to currency fluctuations, prices are $1/mt lower compared to a week ago.

USD = INR 69.65 (May 21)

USD = INR 69.77 (May 30)

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