On what grounds was Billet prices range bound the entire week in India?  

Billet output reduced to 30% but there was not much gap in demand and supply.

Experts at Scan Steels Ltd, Shriji Steelage, Bhushan Steel & Power Ltd & Hospet Steels Ltd shared why buyers did not place bookings in large and that prices might go up by Rs 1,000/MT in Nov.

• Less supply & poor quality of raw materials
• Sand mining ban in Andhra Pradesh
• Rains in Karnataka
• Expensive power
• Low HR coil prices
• Limited sales of re-bars, structures and wires
• Not fresh investments for infrastructure development