Indian domestic prices for secondary steel billet have fallen by 500 rupees ($7) per tonne in the week ended Friday August 9, on account of reduced buying by finished product makers, Fastmarkets has heard.
Prices of secondary billet, mainly produced using the induction furnace process, have weakened even although billet mills have reduced their production, according to an official from a billet mill in central India.The price of steel billet, domestic,...