Today, billet prices in domestic market have almost remained stable, with mere price corrections of INR 100-200/MT D-o-D. However, Chennai market only reported a sharp fall of INR 400/MT on account of limited trade and increase in inventory.
Current offers are heard from sources to be in the range of INR 21,300-25,500/MT for 125*125 mm size billet.
MS billet offers as on 11 May’16
| Particular | Prices | D-o-D | W-o-W |
| Ex-Mandi Gobindgarh | 25,500 | – 150 | +200 |
| Ex-Durgapur | 22,350 | – 100 | +250 |
| Ex-Rourkela | 21,300 | – 100 | +150 |
| Ex-Raipur | 22,000 | – 100 | 0 |
| Ex-Jalna | 23,600 | – 100 | -400 |
| Ex-Mumbai | 23,400 | – 200 | 0 |
| Ex-Chennai | 24,900 | – 400 | -400 |
| Ex-Hyderabad | 23,000 | 0 | -750 |
Prices in INR/MT
Source: SteelMint Research
Trade dynamics
1. A billet maker in West Bengal sold material at INR 22,300-22,400/MT in local market and INR 23,000-23,200/MT on FoR basis.
2. Vaksh Steels based in Hyderabad sold billet at INR 23,000/MT ex-plant.
3. A billet manufacturer in Rourkela is heard to sell material to Bhiwadi (Alwar) and Ghaziabad at INR 21,000-21,100/MT; freight from Rourkela to Bhiwadi is INR 2,450/MT and to Ghaziabad is INR 2,500/MT.
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