Indian billet prices up $6 per tonne as domestic miners raise iron ore cost

Indian domestic secondary billet prices have risen by 400 rupees ($6) per tonne in the week ended Friday January 24, on price rises announced by all the country’s major iron ore miners.

The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on January 24, rose by 400 rupees per tonne to 30,100-30,300 rupees ($422-425) per tonne, compared with last week’s assessment at 29,700-29,900 rupees per tonne....

Published

Suresh Nair

January 24, 2020

16:35 GMT

Mumbai