Tag: Indian Billet Price
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Indian Billet Makers Reluctant to Correct Prices
Prolong subdued demand, consistent fall in raw material (sponge iron) prices and surge in Chinese billet export have already driven down billet prices to an all time low levels. Indian billet makers are now in dilemma and trying to resist further price corrections. This week also, Chinese billet export offers fell by USD 2/MT and…