On June 12, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 30,300-30,500/mt ($432-435/mt) ex-Raipur.
Sources inform SteelOrbis that offer prices declined further on June 17 and are presently at INR 29,500-29,800/mt ($422-427/mt) ex-Raipur. Prices decreased by $10/mt from the bottom of the previous range and $8/mt from the top of the same range.
USD = INR 69.38 (Jun 12)
USD = INR 69.84 (Jun 17)