India’s domestic billet prices trend down

Monday, 13 May 2019 00:35:04 (GMT+3)   |   San Diego

On May 9, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 31,400-31,600/mt ($448-451/mt) ex-Raipur.

Sources inform SteelOrbis that offer prices have slipped in the past week and are now reportedly at INR 31,000-31,200/mt ($439-442/mt). Prices decreased $9/mt from both the top and bottom of the previous range. A source reported weaker Indian prices on global movements and volatility in domestic construction activity.

USD = INR 70.07 (May 9)

USD = INR 70.56 (May 13)

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