Indian domestic billet prices down by $5 per tonne as rebar prices dive

摘要

Indian domestic prices for secondary steel billet fell by at least 400 rupees ($5) per tonne this week, in line with a bigger dip in prices for finished products such as rebar, Fastmarkets heard on Friday October 26.The price for secondary billet, mainly produced in induction furnaces, was 33,600-33,800 rupees ($459-462) per tonne ex-mill on Friday. This was down by 400 rupees per tonne from last week’s assessment by Fastmarkets at 34,000-34,200 rupees per tonne ex-mill.