Indian secondary billet prices fall by $8 per tonne in a week

Indian domestic secondary billet prices in the week ended Friday September 27 fell by 600 rupees ($8) per tonne on subdued buying by finished product makers.

The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on September 27, was down by 600 rupees per tonne to 26,500-26,700 rupees ($374-377) per tonne compared with last week’s assessment at 27,100-27,300 rupees per tonne.

“Uncertainty in demand for finished...

Published

Suresh Nair

September 27, 2019

18:30 GMT

Mumbai