In Mandi Gobindgarh, offers move high by Rs 500/MT to Rs 34,500/MT (Basic Price)on reasons such as some improvement in demand , shortage of stock, less availability of power for only around three days and no rains. We had stopped stocking of Billet because demand was quite weak but as it has improved now, we are facing supply problems”, said traders.
Though, offers rise up to Rs 300/MT in states like Chhattisgarh, West Bengal and Gujarat but there are not many buyers asking for the semi finished material.
Chennai: Billet prices are around the same level with low buying interest.
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