Tag: Mandi
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Indian Billet Prices hit a 4 year low; Market expects some resistance
On Tuesday, Indian domestic Billet prices hit a 4 year low due to improved supply and sluggish global demand. Current prices for 100*100 mm Billet are at INR 30,000/MT (Ex- Mandi Gobindgarh), INR 26,200/MT (Ex- Raipur), INR 26,500/MT (Ex- Durgapur) and INR 28,500/MT (Ex- Mumbai). These prices were last observed during March 2011. Participants mention…