Indian secondary billet prices fall on reduced buying

Indian domestic secondary steel billet prices have fallen by about 100 rupees ($1) per tonne this week because there have been fewer inquiries and minimal buying by makers of finished products such as rebar mills, Fastmarkets heard on Friday March 29.

Indian domestic secondary billet prices were assessed by Fastmarkets at 31,200-31,400 rupees ($450-453) per tonne ex-mill on Friday, down by 100 rupees per tonne compared with last week’s assessment at 31,300-31,500 rupees...


Suresh Nair

March 29, 2019

17:05 GMT