Indian secondary billet prices down $18 per tonne in a week

The Indian domestic secondary billet market price fell by 1,300 rupees ($18) per tonne over the week to January 15 following a bigger fall in prices of finished products such as rebar and a consequent drop in inquiries and cautious buying from billet users, sources said.

Fastmarkets assessed the price of steel billet domestic, ex-works India at 38,800-39,000 rupees per tonne on 15 January, down by 1,300 rupees per tonne week on week from 40,100-40,300 rupees per tonne ex-works.


Suresh Nair

January 15, 2021

16:20 GMT