Traders are placing booking orders for Billet as per requirement only and wait to see some resistance in market.
Price gap between Billet and ingot has reduced. Consumers might consider to buy the better quality semi finished material, Billet.
“Billet market has chances of stabilizing in the days ahead as slight improvement is seen in international market”, said Mr. Rathindra Das, Asst NP for Marketing at Monnet Ispat & Energy Limited in Raipur, CG.
Producers are definitely waiting to make some exports to overseas buyers in the short term looking at stock availability in large.
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