Indian domestic secondary billet prices rose by at least 400 rupees ($6) per tonne in the week ended Friday May 24 on a rise in the costs for raw materials such as direct-reduced iron (DRI).
The price for domestic secondary billet in India assessed by Fastmarkets on May 24 was 31,400-31,600 rupees ($450-453) per tonne ex-works, compared with 31,000-31,200 rupees per tonne last week."Billet prices have increased because the price of DRI...