- Billet buyers made purchases in small quantities expecting that offers might gain after continuous reduction in prices and are waiting for market to stabilize.
- Producers raised offers slightly by Rs 400/MT this week due to little improvement in buying.
- Rolling mills lowered production capacity to 50% and few of them closed sales.
- Consumers might consider to buy Billet which is of better quality as price gap between Billet and ingot has lessened in last few days.
- For the next week, Billet prices might rise marginally and exporters are waiting to meet with demand from international buyers.
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