Author: Manish Vasdev
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India : Billet Prices Plunge Down On Bearish Market Sentiments
Indian billet prices further declined by INR 100-350/MT D-o-D & INR 500-1,400/MT W-o-W. Lull trades in rebar in the domestic market and falling scrap & billet prices in the International market are the major facts for weaken sentiments in the Indian domestic market. Today, offers for Induction furnace grade billet are assessed at INR 23,950/MT…