Today, billet market has registered a rise of INR 100-500/MT against the last day closing, supported by surge in Pig iron and imported scrap offers coupled with bullish global market sentiments.
In current, MS billet prices are varying in the range of INR 22,750-25,000/MT across Indian market.
MS billet prices as on 25 Apr’16
| Particular | Prices | D-o-D | W-o-W |
| Ex-Mandi Gobindgarh | 25,600 | 0 | +300 |
| Ex-Durgapur | 22,750 | +50 | +250 |
| Ex-Kolkata | 23,150 | +50 | +250 |
| Ex-Rourkela | 21,700 | +50 | -150 |
| Ex-Raipur | 22,550 | +250 | +200 |
| Ex-Ahmedabad | 25,000 | +100 | +400 |
| Ex-Jalna | 24,200 | +200 | -400 |
| Ex-Mumbai | 24,400 | +200 | -200 |
| Ex-Hyderabad | 25,000 | +500 | 0 |
Prices in INR/MT
Source: SteelMint Research
Current trade dynamics
1. Vizag Steel export tender of 30,000 billet/bloom for African and ASEAN countries will expire on 27 Apr’16.
2. India’s last export order booked at USD 363-365/MT, FoB.
3. India’s lowest billet prices are prevailing in Odisha at INR 21,700/MT (USD 325/MT)
4. Premium of ingot and billet narrowed down in Hyderabad and Rourkela.
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