Billet is being offered at Rs 300/MT more across various locations in India, such as Chhattisgarh, Rourkela, Durgapur, Hyderabad and Jaipur.
“There has been no new work done at current price levels, though demand in re-bars is good. We are hopeful of some new booking orders by evening.
Offers might not improve further provided primary producers of steel lower prices in the first week of January.
Else, there are almost no chances that Billet makers might lower offers from the current levels”, said a trader in Chhattisgarh.
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