Author: Manish Vasdev

The Indian domestic billet prices bounced back on Monday owing to improved export demand. Prices have increased by around INR 200-400/MT (USD 3-6) at major markets (specially coast based). Current domestic prices for induction grade billet of size 100*100mm stands at INR 30,400-30,500/MT (USD 467-470) Ex-Mumbai & excluding 18% GST. Meanwhile, the export offers for…