Indian domestic secondary billet prices up $6 per tonne on rising long steel prices

Indian local secondary steel billet prices rose by 400 rupees ($6) per tonne over the past week after a rise in finished long product prices and in expectation of production cuts by billet manufacturers, sources told Fastmarkets on Friday October 18.

Fastmarkets' weekly price assessment for steel billet domestic, ex-works India, was up by 400 rupees per tonne to 26,600-26,800 rupees per tonne on Friday, compared with 26,200-26,400 rupees per tonne a week ago.


Suresh Nair

October 18, 2019

17:26 GMT