“Billet prices fall in Raipur and Durgapur on few inquiries”, said traders.
A trader at Mandi expects offers to correct in the range of Rs 500-700/MT as buyers are not willing to make any new purchases.
Some manufacturers in Raigarh remarked markets as unpredictable as no direction regarding sales is working out.
“Production capacity at Ahmedabad reduces by 30%. Offers have corrected marginally owing to limited buying”, said another trader.
Hyderabad manufacturers rise Billet price by Rs 500/MT due to low production and power issues.
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