Market participants were quite optimistic regarding improvement in the Indian domestic Billet market in terms of prices or buying activities. It is already mid of November and demand is more or less same.
Manufacturers have lowered prices up to Rs 300/MT and said that it has been difficult to find buyers in good number.
Offers are on the lower side and buyers are not making purchases looking at correction in prices.
According to brokers, “we are holding a wait and see attitude and are hopeful of a better market scenario”.
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