Indian Billet Prices Gained 5-8% in a Month's Time

Indian Billet prices have shown a sharp uptrend in a month’s time.Prices moved up in the range of Rs 1,000-3,000/t on various factors like

1. Higher steel prices and strong demand

2. Freight hike by Indian Railway

3. Price hike by Indian steel major producers

4. SAIL increases Billet and Bloom prices by Rs 1000/t

5. Rising scrap prices in International market

6. Weakening Rupee against Dollar

7. Higher billet prices in International market