Billet manufacturers in domestic market have further increased their offers by INR 100-500/MT against last day trade. Major price rise was recorded in west India due to shortage of scrap. In addition, low conversion spread in central & east India is also supporting rise in billet offers.
According to induction operators in west region, scrap suppliers in both domestic & global markets have slowdown their dispatches due to improved demand. It seems that billet offers in the regions may remain strong due to shortage of scrap.
Billet prices as on 26 Sep’16
| Region | Particulars | Prices | D-o-D | W-o-W | M-o-M |
| North India | Ex-Mandi Gobindgarh | 25,600 | + 300 | + 1,200 | + 2,900 |
| East India | Ex-Durgapur | 22,150 | + 150 | + 750 | + 2,150 |
| Ex-Jharsugda | 21,800 | + 300 | + 700 | + 2,800 | |
| Ex-Kolkata | 22,550 | + 150 | + 750 | + 2,150 | |
| Ex-Rourkela | 21,800 | + 300 | + 700 | + 2,800 | |
| Central India | Ex-Bhilai | 22,750 | + 250 | + 1,150 | + 2,950 |
| Ex-Raigarh* | 22,400 | + 300 | + 1,200 | + 3,000 | |
| Ex-Raipur* | 22,800 | + 300 | + 1,200 | + 3,000 | |
| West India | Ex-Ahmedabad | 25,200 | + 400 | + 2,100 | + 4,050 |
| Ex-Bhavnagar | 25,000 | + 400 | + 2,100 | + 4,050 | |
| Ex-Goa | 23,300 | + 800 | + 800 | + 2,300 | |
| Ex-Jaipur | 24,600 | + 200 | + 1,000 | + 2,600 | |
| Ex-Jalna | 24,200 | + 200 | + 1,200 | + 2,550 | |
| Ex-Mumbai* | 24,200 | + 200 | + 1,200 | + 2,100 | |
| South India | Ex-Chennai | 24,450 | + 450 | + 900 | + 2,650 |
| Ex-Hyderabad | 24,000 | + 250 | + 500 | + 2,150 |
Prices in INR/MT
Source: SteelMint Research
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