Indian domestic secondary billet prices down by $18 per tonne

Weak demand and excess supply have driven Indian domestic secondary billet prices down by at least 1,300 rupees ($18) per tonne over the week ending Friday February 22, Fastmarkets has learnt.

Indian domestic secondary billet prices ended the week at 33,000-33,200 rupees ($464-467) per tonne ex-mill. This was down from 34,300-34,500 rupees per tonne ex-mill, assessed by Fastmarkets last week. An official from a billet mill in central India attributed the sharp fall in secondary billet prices to weak demand coupled...

Published

Suresh Nair

February 22, 2019

15:30 GMT

Mumbai