Billet manufacturers are finding it hard to make sales at offer prices as buyers are in a dilemma regarding new purchases at the moment. Offers are unchanged in India due to weak demand.
A Chhattisgarh based trader said, “We are not hopeful of improved sales. Hence, prices stand at same levels in Raipur and Raigarh. Whereas, offers correct marginally by Rs 100/MT in Bhilai and Bilaspur”.
“Around 500 to 700 tons of Billet was sold today. Rolling mills and Furnaces continue the strike”, said another trader at Mandi.
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