“Not many reasons but low sales of finished products in local market has accounted for a sharp reduction in Hyderabad Billet prices”, shared traders.
Billet trades at Rs 700/MT low and is quoted at Rs 31,300/MT (Ex works) at Hyderabad as compared to prices quoted the day before.
Traders of Billet in Central India said, “The material might be traded at low prices in near future as offers are coming down in other parts of India.
Offers dropped by Rs 100/MT to Rs 29,400/MT and Rs 28,900/MT (Ex works Raipur and Raigarh) respectively”.
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