Weak demand pulls down domestic Indian billet prices

Indian domestic billet prices ended up flat week-on-week on Friday September 22, as demand tapered off, neutralising gains made earlier in the week.

Metal Bulletin's price assessment for Indian domestic secondary billet [mainly produced through the induction route] was Rs26,600-26,900 ($409-414) per tonne ex-mill, compared with last week’s Rs26,500-26,900 per tonne ex-mill. Local billet prices in India had increased by almost Rs600 per tonne by Tuesday to Rs27,100-27,500 per tonne compared with...

Published

Suresh Nair

September 22, 2017

17:23 GMT

Mumbai