Billet manufacturers in India are running mills at lower capacities, which is at around 50% only and few of them have taken taken a shut down to avoid any further rise in the inventory levels.
For the month of December, market participants are hopeful that Billet makers might go for a slight increase in offers and a big reduction in prices is not on the cards.
As some improvement is seen in demand of structures and pipes, Billet market should possibly be good in the last month of this year.
Leave a Reply