Indian domestic billet prices up only slightly despite mid-week rally

Domestic prices for secondary steel billet in India spiked up by at least 1,600 rupees per tonne mid-week to 27,200-27,400 rupees ($380-383) per tonne ex-works, on increased numbers of inquiries, but ended on Friday August 16 with only a marginal week-on-week increase of 100 rupees per tonne as inquiry levels dwindled.

The price of steel billet, domestic, ex-works India,was assessed by Fastmarkets on August 16 to be up by 100 rupees per tonne to 25,700-25,900 rupees per...


Suresh Nair

August 16, 2019

18:33 GMT