Indian local billet prices down by $3 per tonne in a week

The domestic price for secondary steel billet in India has gone down by at least 200 rupees ($3) per tonne in the past week, in line with falling prices for finished long steel products such as rebar.

The Indian domestic secondary billet price was assessed by Fastmarkets on Friday May 17 at 31,000-31,200 rupees ($441-444) per tonne ex-mill, down from last week’s assessment at 31,200-31,400 rupees per tonne ex-mill. “Billet prices are falling because there are fewer buyers. Demand and prices for finished products such as...

Published

Suresh Nair

May 17, 2019

21:00 GMT

Mumbai