- 150×150 mm (9-12 mtrs) Billet is offered at INR 24,500/MT (ex-NINL plant)
- 150×150 mm (6 mtrs) Billet is offered at INR 24,700/MT (ex-NINL plant)
NINL’s Offers fall by INR 500/MT from Last Trade
Earlier, NINL had offered the same material i.e. Concast Billet (grade IS: 2830/2831) at around INR 25,000-25,200/MT (USD 403-406/MT) ex-plant. Now, the company has reduced the offer by INR 500/MT.
Vizag Steel’s Export Tender for Bloom/Billet fetches Bid higher by USD 10-15/MT
On the contrary, Vizag Steel, India’s one of the largest Bloom/Billet exporters, has received bids higher by USD 10-15/MT in its latest export tender. A deal of 80,000 MT Bloom was concluded at USD 370/MT and 5,000 MT Billet at USD 405/MT, FoB East Coast India.
Domestic Billet Prices as on 24 Mar, 2015
| Particular | Price | W-o-W | M-o-M |
| Mandi Gobindgarh | 31,000 | + 500 | – 300 |
| Durgapur | 27,900 | + 150 | 0 |
| Jharsugda | 26,500 | + 400 | 0 |
| Raipur | 27,100 | + 750 | – 900 |
| Mumbai | 28,400 | + 300 | – 1,900 |
| Kandla | 28,300 | + 400 | – 1,300 |
| Hyderabad | 28,000 | 0 | – 1,500 |
| Chennai | 28,250 | – 100 | – 250 |
Basic prices in INR/MT
Payment advance/next day
Source: SteelMint Research
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