After witnessing a continuous upward trend starting December 19th, values of Billet drop slightly by Rs 100/MT in Chhattisgarh and West Bengal today.
According to traders, “At current price levels, buyers are reluctant and are looking for some discounts but there are almost no chances that Billet will be offered at lower prices.
Billet market was good due to re-bar buying and change in finish long market has impacted the semi finished products market.
No new work has been done yet and offers might not be raised provided buyers hold the similar attitude”.
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