Restocking drives up Indian secondary billet prices by $14 per tonne

Restocking by rebar producers, coupled with increased buying by traders, has pushed Indian domestic secondary steel billet prices upward by at least 1,000 rupees ($14) per tonne over the past week, Fastmarkets heard on Friday January 25.

The Indian domestic secondary billet price assessed by Fastmarkets was 31,900-32,100 rupees ($449-452) per tonne ex-mill on Friday, up from 30,900-31,100 rupees per tonne ex-mill last week. “Standalone finished product makers, mainly rebar mills, are restocking billets...

Published

Suresh Nair

January 25, 2019

17:12 GMT

Mumbai