Billet
prices have remained unchanged even after the hike in excise duty from 10% to
12% in the Union Budget 2012-13.
Market
players had anticipated the Billet prices to show an uptrend but due to
weakening demand the market for Billet remains calm.
Raipur
Billet prices is trading at Rs. 34,400/MT (Ex-Works, Next day) and that of
Rourkela is trading at Rs. 33,700/MT (Ex-works).
Durgapur
Billet prices showed a fall of Rs. 100/MT and is hovering around Rs. 38,800/MT
(Including all) while Mumbai Billet trades at Rs. 34,800-35,000/MT (Ex-works).
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