“Billet market should look better towards the month end. It has been affected due to weak cash flow and delay of investment plans in projects.
Manufacturers might opt for a close down of the plant due to iron or shortage and expensive pellets”, pointed out Mr. Ramesh Agrawal, Director of Real Ispat & Power Ltd in Raipur, Chhattisgarh.
“We are offering Billet at Rs 30,400/MT (Basic) which might be up by Rs 500/MT before the month ends and have not have reduced our monthly output of 8,000 tons”, he added.
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