In one last month, Billet prices were at extreme low levels in Hyderabad, Andhra Pradesh.
Manufacturers raise offers by Rs 1,000/MT to Rs 32,800/MT (Basic) looking at the first glimpse in demand. However, last sales took place at Rs 32,300/MT.
Offers are likely to stand at Rs 500/MT less in the mid of the week provided buying weakens and offers should be more or less same in the last week of the month.
Liquidity crisis looks to worsen further in Hyderabad with high input cost if power supply is low for industrial purposes.
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