On July 8, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 27,000-27,500/mt ($394-401/mt) ex-Raipur.
Sources inform SteelOrbis that offer prices increased in the past week and are now reportedly at INR 27,200-27,700/mt ($397-405/mt) ex-Raipur. Prices increased $3/mt from the bottom of the previous range and $4/mt from the top of the same range.
USD = INR 68.58 (Jul 8)
USD = INR 68.47 (Jul 11)