“Billet market is impacted by limited funds invested in projects for infrastructure development as market is not much hopeful of good profit margins”, said Mr. Nitin Aggarwal, Proprietor of Shriji Steelage at Raipur, Chhattisgarh.
“Billet offers are firm as primary producers are offering HR Coil at low prices and demand for structures is poor.
Though, some of rolling mills reduce output by 30%, there is neither any shortage nor over supply of Billet. The produced quantity is being absorbed by market”, he said.
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