Indian secondary billet prices recover on back of rising rebar prices

Indian local secondary billet prices recovered from a steep fall in the first two days of the current week to go up by about 700 rupees per tonne over the past three days on rising finished product prices.

Prices for Indian domestic secondary billet, mainly produced via the induction furnace route, ended the week at 33,000-33,400 rupees ($508-514) per tonne ex-mill, narrowing from Metal Bulletin’s assessment last week at 33,000-33,600 rupees per tonne ex-mill. According to an official from a billet mill in central India, secondary billet...

Published

Suresh Nair

March 16, 2018

16:44 GMT

Mumbai