There is no stopping in fall in billet prices in Indian market.Prices have corrected upto Rs 1,000/t in last one week on falling re-bar and structure prices which have also corrected over Rs 1,000/t (W-o-W).
Damage has been maximum in western region as trade has been affected by strike opposing LBT tax in Maharashtra.
Traders based in central India, blame poor demand for finished steel from Southern India, which is leading to fall in semi finished prices.
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