Indian Billet offers slipped up to Rs 2,500/MT in Oct; likely to rise in Nov

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Purchases of Billet at low prices from Rourkela and Raigarh forced sellers at Hyderabad to cut offers by Rs 1,000/MT
Only 10 to 12 hours of power supply pulled down prices by Rs 2,500/MT at Chennai
Rollings mills were running at 60-70% capacity
Prices reduce in Oct as mentioned: Chhattisgarh Rs 600/MT, West Bengal Rs 500/MT , Rourkela Rs 400/MT and Maharashtra Rs 200/MT
Suppliers in India hold exports on less hopes of good profit margins
Experts remark “Offers should rise in Nov as production cost has moved up”

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