Indian domestic steel billet prices fall by $22 per tonne as rebar prices slump

A sharp fall in the domestic prices of secondary finished steel products in India, particularly rebar, has led to a fall of 1,700 rupees ($22) per tonne in secondary steel billet prices, Fastmarkets learnt on Friday May 13.

Fastmarkets’ assessment of the price for steel billet, domestic, exw India, on Friday was 53,100-53,300 rupees ($687-689) per tonne, down by 1,700 rupees per tonne from last week’s assessment at...

Published

Suresh Nair

May 13, 2022

16:37 GMT

Mumbai