- Billet offers in Hyderabad, Southern India have increased by INR 1,000/t to INR 43,000/t exw, after remaining stable at INR 42,000/t exw, for three days.
- Sources pointed out lower billet production on limited oxygen supply and hike in offers in the competitive market i.e. Raipur, as the major factors behind the increase in offers.
- According to sources, billet prices are likely to remain strong as there is active demand for finished steel in the local region & lower billet inventories with re-rollers.
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