Today, Indian domestic billet prices move up by INR 100-450/MT (upto USD 7) over improved inquiries in finished steel products.
SteelMint’s price assessment for induction furnaces billet size 125×125 mm are reported at INR 24,900-27,500/MT (USD 383-423) ex-plant.
Domestic billet offers as on 8 Jul’17
| Region | Particular/Delivery | Prices | D-o-D | W-o-W | Remarks |
| North India | Ex-Mandi Gobindgarh |
28,800 |
– 200 |
-100 |
– |
|
East India |
Ex-Durgapur |
25,550 |
+ 50 |
-350 |
Prices almost firm over stagnant inquiries from out state based buyers. |
| Ex-Rourkela |
24,900 |
+ 100 |
-450 |
||
| Central India | Ex-Raipur |
25,800 |
+ 200 |
-700 |
Improved demand in rebar & structures led to surge billet prices, according to trade participants. |
|
West India |
Ex-Ahmedabad |
27,500 |
+ 450 |
-200 |
Offers gain momentum following resume in billet exports and continue surge in global scrap prices. Local demand on finished steel also improved. |
| Ex-Mumbai |
27,300 |
+ 400 |
-100 |
||
|
South India |
Ex-Chennai |
27,500 |
0 |
+500 |
Moderate trade activities, the manufacturers mentioned. |
| Ex-Hyderabad |
27,000 |
0 |
+500 |
Basic Prices in INR/MT, GST @ 18% Extra
Source: SteelMint Research
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