Tag: Bhavnagar billet

Billet and rebar prices lifted replacement-cost sentiment Higher input costs supported firmer scrap offers Alang’s ship-breaking melting scrap prices for HMS 80:20 increased by INR 1,000/t day-on-day (d-o-d) to INR 39,500/t ($412/t) ex-yard on 30 September. The sharp increase was driven by firmer semi-finished and finished steel prices, higher raw material replacement costs and tighter…