On July 16, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 27,000-27,400/mt ($393-399/mt) ex-Raipur.
Sources inform SteelOrbis that offer prices increased in the past week and are now reportedly up at INR 27,400-27,600/mt ($398-401/mt) ex-Raipur. Prices increased $5/mt from the bottom of the previous range and $2/mt from the top of the same range.
USD = INR 68.66 (Jul 16)
USD = INR 68.83 (Jul 18)