India's local billet prices rise on improved demand from rebar producers

India’s domestic steel billet prices rose slightly last week amid an uptick in demand for semi-finished and finished long products, particularly rebar.

Prices for local secondary billet in the South Asian country, which is mainly produced using induction furnaces, were assessed at Rs25,000-25,300 ($388-392) per tonne ex-mill for the week ended Friday June 16, up Rs200-300 ($3-5) per tonne compared with Rs24,700-25,100 ($383-389) per tonne a week earlier. “The price increase is not much but demand has certainly picked up as there are a lot of buyers in the...

Published

Suresh Nair

June 20, 2017

09:00 GMT

Mumbai