Indian domestic billet prices up $12 per tonne on rising material costs

Indian secondary steel billet prices have risen by 900 rupees ($12) per tonne in the current week on higher costs for basic raw materials such as direct-reduced iron (DRI), coupled with increased buying of semi-finished steel by makers of long products.

The price of steel billet, domestic, exw India, was assessed by Fastmarkets on Friday February 26 at 38,300-38,500 rupees ($527-530) per tonne compared with last week’s assessment at 37,400-37,600 rupees per...


Suresh Nair

February 26, 2021

18:38 GMT