Author: Manish Vasdev

Today, Indian billet market opened with a price correction of INR 100-200/MT against yesterday trades. Suppliers are pressurized to cut offers due to poor enquiries by rolling mills. However, south (Chennai) based few large manufacturers have increased billet offers by around INR 500/MT due to few bulk rebar deals yesterday. Market players mentioned that plunge in raw material prices (sponge & scrap) may provide support…