“Power cut was being witnessed for three days (four hours) in a week has been increased to four days now.
It might continue for the entire month and is expected to normalize if heavy rainfall happens anytime this month. On account of this, we increased Billet offers by Rs 500/MT today”, said a Hyderabad based manufacturer.
Billet demand remains weak. Markets show no signs of improvement.
Following the Re-bar price trend, Billet offers fluctuate in Rourkela, Mumbai and Chennai. Whereas, Durgapur Billet price increase in line with Ingot offers.
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