On July 29, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 26,200-26,500/mt ($381-385/mt) ex-Raipur.
Sources inform SteelOrbis that offer prices are trending stable at INR 26,200-26,500/mt ($378-383/mt) ex-Raipur. Due to currency fluctuations, prices decreased $3/mt from the bottom of the previous range and $2/mt from the top of the same range.
USD = INR 68.80 (Jul 29)
USD = INR 69.24 (Aug 1)