“Raipur Billet prices have increased by Rs
400/MT to Rs 33,700/MT (Basic price) as demand for Billet from Andra
Pradesh looks good. Billet prices in Hyderabad have jumped by Rs 1,100 and is now
trading at Rs 36,600/MT,” said a Raipur based trader.
“We are anticipating a
further increase in Billet prices of Hyderabad by Rs 1,000/MT in
about a weeks time as there is a shortage of material. The hike in power prices
has accounted for rise in Billet prices by Rs 1,100/MT and Hyderabad is trading
at Rs 36,600/MT (Basic price),” said a Hyderabad based trader.
Rourkela also saw a
rise in Billet prices by Rs 800/MT and is trading at Rs 33,500/MT (Basic price)
while that of Durgapur is being quoted at Rs 38,200/MT by Rs 200/MT high from
previous trade. .
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