Indian local secondary billet prices were showing signs of weakness on Friday January 19 despite making a week-on-week gain of 400 rupees ($6) per tonne.
Prices for Indian domestic secondary billet, mainly produced in induction furnaces, ended the week at 32,300-32,500 rupees ($506-509) per tonne ex-mill. This was an increase of 400 rupees per tonne compared with Metal Bulletin's assessment last week at 31,900-32,100 rupees per tonne ex-mill.Secondary billet prices have been falling over the past two...