On September 26, SteelOrbis reported Indian domestic billet prices rangebound at INR 35,500-35,800/mt ($489-493/mt) ex-works Raipur.
Sources inform SteelOrbis today that prices have declined to INR 35,000-35,500/mt ($482-489/mt) ex-works Raipur. Prices decreased $7/mt from the bottom of the range and $4/mt from the top of the same range.
USD = INR 72.58 (Sep 26)
USD = INR 72.59 (Sep 27)