Today, Indian billet offers have moved up further by INR 100-400/MT D-o-D. Improved finished steel demand and rising sponge prices are the major factors of increasing billet prices.
Billet manufacturers mentioned that trades are much better at increased offers, enquiries are just doubled by rolling mill operators.
Market participants are assuming that prices may remain on positive side due to anticipated price hike by primary producers for finished steel products for Sept’16 deliveries.
Billet prices as on 31 Aug’16
| Particular/Delivery | Size/Grade | Prices | D-o-D | W-O-W |
| Ex-Mandi Gobindgarh | 125×125 mm, IS 2831 | 23,150 | + 250 | + 750 |
| Ex-Durgapur | 125×125 mm, IS 2831 | 20,200* | + 100 | + 750 |
| Ex-Jharsugda | 125×125 mm, IS 2831 | 19,450 | 0 | + 700 |
| Ex-Kolkata | 125×125 mm, IS 2831 | 20,600* | + 100 | + 700 |
| Ex-Rourkela | 125×125 mm, IS 2831 | 19,450 | 0 | + 700 |
| Ex-Raigarh | 125×125 mm, IS 2831 | 19,600 | 0 | + 550 |
| Ex-Raipur | 125×125 mm, IS 2831 | 20,250 | + 200 | + 800 |
| Ex-Ahmedabad | 125×125 mm, IS 2831 | 21,700* | + 350 | + 800 |
| Ex-Goa | 125×125 mm, IS 2831 | 21,000 | 0 | + 100 |
| Ex-Jalna | 125×125 mm, IS 2831 | 22,100 | + 250 | + 600 |
| Ex-Mumbai | 100×100 mm, IS 2831 | 22,550 | + 150 | + 950 |
| Ex-Chennai | 125×125 mm, IS 2831 | 21,800 | 0 | + 300 |
| Ex-Hyderabad | 125×125 mm, IS 2831 | 22,000 | + 150 | + 1,000 |
Basic prices in INR/MT, *FOR prices
Source: SteelMint Research
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