Indian local secondary billet prices have risen by at least 1,000 rupees ($13) per tonne in the current week on a notable rise in the prices of finished steel products such as rebar.
Domestic secondary billet, which is mainly produced through the induction furnace route, ended the week at prices of 32,500-33,000 rupees ($508-516) per tonne ex-mill on Friday February 16.This was a rise of at least 1,000 rupees per tonne compared with Metal Bulletin's price assessment on February 9 of 31,500-31,800 rupees per tonne ex-mill."Secondary billet prices are rising only...