On May 30, SteelOrbis reported Indian domestic induction grade billet offer prices at INR 31,600-31,800/mt ($453-456/mt) ex-Raipur.
Sources inform SteelOrbis that offer prices have declined to INR 30,600-30,800/mt ($441-444/mt) ex-Raipur. Prices decreased by $12/mt from the bottom and top of the respective previous range.
USD = INR 69.77 (May 30)
USD = INR 69.37 (Jun 7)