Indian local secondary billet prices rose by 1,800 rupees ($24) per tonne week on week on account of strong demand from finished product makers and a sharp rise in prices of direct-reduced iron (DRI).
Fastmarkets assessed the price of steel billet domestic, ex-works India at 33,300-33,500 rupees per tonne on Friday November 6, compared with 31,500-31,700 rupees per tonne ex-works last week."Demand for billet...