Billet buying weakened in India this week on reducing prices

—

Billet sales was poor and output had been lowered
Manufacturers in
Central India were looking for demand from other parts due to poor local sales
Offers reduced as mentioned: Mandi, Raipur, Bhilai, Rourkela, Mumbai, Kandla, Bhavnagar Rs 500/MT, Bilaspur, Kolkata, Durgapur, Jaipur Rs 400/MT, Ahmedabad Rs 200/MT, Goa-Up by Rs 100/MT and Hyderabad and Chennai-Same
There was a slight
difference in ingot and Billet prices but buyers ignored to prefer better quality material on liquidity crunch
Offers should not fall further which will ultimately result in shut downs

Comments