In domestic market, improved demand has led to surge in billet prices by INR 300-800/MT in a day. Major price rise of INR 400-800/MT is seen in west region, followed by central & east region (INR 300-700/MT).
According to industry exerts, buyers and sellers are actively participating in the market at current offers.
Today, post rise in billet prices, there are limited sellers in the market as they are anticipating of further price rise in coming days.
In addition, market participants are expecting that primary producers may raise their offers in the coming month due to rising input cost.
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