Billet manufacturers in the Central part of India are dependent largely on demand from other parts of the country due to availability of the material in large quantities.
Offers have been witnessing corrections and traders are of the view that Billet production might be stopped provided any further downward movement of prices takes place.
Though, there is a slight difference between prices of ingot and Billet, buyers are ignoring to purchase material in terms of better quality but are considering to buy the low priced material due to liquidity crisis.
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