Indian Billet prices have corrected almost by INR 500-1,000/MT in last one month owing to sluggish demand in construction sector, which generally slows down during monsoon. Current offers for commercial grade Billet are hovering in the range of INR 31,000-33,000/MT (USD 515-550/MT) on Ex-plant basis.
Indian Billet prices seem to stabilize at current levels as buyers are waiting for Union Budget, which is schedule on 08 Jul, 2014.
|
Load Cities |
Domestic Prices |
Truck Freight to unload Cities |
|
|
|
|
Ghaziabad |
Mandi Gobindgarh |
|
Rourkela |
30,600 |
2,900 |
3,600 |
|
Jharsuguda |
30,500 |
– |
– |
|
Raigarh |
31,300 |
2,600 |
3,000 |
|
Raipur |
31,600 |
2,600 |
3,000 |
|
Durgapur |
31,700 |
2,000 |
2,600 |
|
Jalna |
32,400 |
– |
– |
|
Hyderabad |
32,500 |
– |
– |
|
Wada (Mumbai) |
32,800 |
– |
– |
|
Chennai |
32,850 |
– |
– |
|
#Mandi Gobindgarh |
36,000 |
– |
– |
|
Ghaziabad |
34,800 |
– |
– |
|
Kutch |
33,200 |
– |
2,500 |
Commercial grade Billet for Next/advance payment
Basic prices; Excise and taxes extra
#Regular Payment
Indian Billet offers still High for Global Market
Export offers for Billet are comparatively high from other countries like Korea & Ukraine. Importers mentioned that Indian offers are not competitive and they are inclined to buy from CIS countries, which is cheaper by almost USD 20-30/MT.
Some trades have been heard from Indian eastern region to Nepal at about USD 530-535/MT (INR31,800-31,900/MT) Ex-Works basis.
Note: USD 1= INR 59.60
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