Indian local billet prices up $13/t in line with rising rebar prices

Indian domestic prices for secondary steel billet rose by about $13 per tonne during the week to Friday July 23 on stronger demand for finished products, particularly rebar, sources said.

Fastmarkets assessed steel billet domestic, ex-works India at 42,200-42,400 rupees ($567-570) per tonne on Friday, up by 1,000 rupees from 41,200-41,400 rupees per tonne last week.

“The billet price recovery is in line with...

Published

Suresh Nair

July 23, 2021

16:26 GMT

Mumbai