Until Friday in the last week, trades were decent in Indian Billet market and Billet makers have been raising offers looking at improved buying activities from manufacturers of re-bars and structures.
“Re-bar manufacturers are unwilling to make purchases at new price levels at Rs 31,000/MT. Whereas, some buying is anticipated from manufacturers of structures by evening”, said a Raipur based trader.
Today, prices of Billet soar high by up to Rs 300/MT at Durgapur and by Rs 200/MT at Mumbai and Kandla with slight increases elsewhere.
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