Author: Manish Vasdev
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Indian Billet Prices Dip by 7% in Jul’16
Domestic billet prices during Jul’16 moved down by 7% on the backdrop of aggressive selling pressure on the manufacturers amid less purchasing by rolling mill operators. On monthly average basis, prices in Jul’16 plunged down by INR 500-1,200/MT (3-7%) in Raipur, Durgapur, Rourkela and Mumbai. Steep price corrections was seen in Mumbai by INR 1,200/MT…