Indian steel billet prices down by $5 on falling finished product prices

Indian domestic prices for secondary steel billet have fallen by 400 rupees ($5) per tonne in the current week on sluggish purchasing by finished steel product makers, Fastmarkets heard on Friday January 27.

Fastmarkets’ assessment of the price for steel billet, domestic, ex-works India, on Friday was 47,100-47,300 rupees ($578-580) per tonne, down by 400 rupees per tonne compared with last week’s assessment...

Published

Suresh Nair

January 27, 2023

16:43 GMT

Mumbai