Author: Rounak Gairarey

Indian domestic billet prices drop by INR 400-1,000/MT(USD 6-14) in last one month. Current prices for induction grade billet (which is more popular in merchant market) hovers at INR 32,600/MT (USD 466) ex-Mumbai. Factors that are driving Indian billet prices down are: 1. Subdued demand in domestic market owing to lower number of government projects…