Indian steel billet prices rise by $23 per tonne

Domestic steel billet prices in India increased by 1,600 rupees ($23) per tonne in the week ended Friday December 27 due to a sharp rise in finished steel product prices and increased buying of semi-finished goods by rolling mills.

Fastmarkets assessed the price of steel billet domestic, exw India at 29,000-29,200 rupees per tonne on December 27 compared with 27,400-27,600 rupees per tonne a week earlier.

“Rolling mills...

Published

Suresh Nair

December 27, 2019

16:59 GMT

Mumbai