India’s domestic billet prices trend down after upward attempt

Thursday, 09 May 2019 00:41:06 (GMT+3)   |   San Diego

On April 29, 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 sought to climb by INR 200/mt the first four days in May but that prices are now reportedly at INR 31,400-31,600/mt ($448-451/mt). Prices decreased $5/mt from both the top and bottom of the previous range.

USD = INR 69.81 (Apr 29)

USD = INR 70.07 (May 9)

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