Indian domestic steel billet prices fall on low rebar demand

Domestic prices for secondary steel billet in India over the week to Friday November 15 fell by 400 rupees ($6) per tonne, with makers of long steel products reducing their purchases of semi-finished material on a lack of sustained demand for products such as rebar.

The price of steel billet, domestic, exw India, was assessed by Fastmarkets on November 15 down by 400 rupees per tonne to 26,000-26,200 rupees ($361-364) per tonne. This compared with last week’s assessment at 26,400-26,600 rupees...

Published

Suresh Nair

November 15, 2019

16:55 GMT

Mumbai