Indian domestic secondary billet prices have fallen by 900 rupees ($13) per tonne this week with demand for both semi-finished and finished long steel products remaining subdued and inquiries limited.
The price for Indian domestic secondary billet, assessed by Fastmarkets on Friday March 15, was 31,300-31,500 rupees ($450-453) per tonne ex-mill. This was down by 900 rupees per tonne compared with last week's assessment of 32,200-32,400 rupees per tonne ex-mill."Inquiries for billets are dwindling every day. The sentiment in the secondary steel segment is negative, and...