Indian secondary billet prices edge down; DRI prices rise on coal shortage

Indian domestic secondary billet prices fell by 300 rupees ($4) per tonne week on week, despite the price of other key raw materials such as direct-reduced iron (DRI) continuing to rise.

Fastmarkets' price assessment for steel billet domestic, ex-works India was down by 300 rupees per tonne at 46,300-46,500 rupees ($619-623) per tonne, compared with last week’s 46,600-46,800 rupees per tonne ex-works.

“Demand for billet has slowed and inquiries have reduced as...


Suresh Nair

October 08, 2021

18:36 GMT