Thursday, March 10
Billet prices fell by Rs 400-500/MT in last two days over weaker demand and liquidity crunch in the market..*
Billet prices which were stable for last few weeks showed resistance and have started correcting.Prices are hovering around Rs 28200/MT at Raipur, where are Raigarh was quoted at Rs 27600/MT.
Traders feel that prices might fall further if demand remains weak for next few days.” We do not see any price revival till March as financial year is ending. We expect markets might pick up after March as coking coal contracts will increase from April” said a trader based in Raipur.
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