Indian secondary billet price drops 2.8% on falling finished steel market

January 30, 2021 / www.metalbulletin.com / Article Link

The Indian secondary billet price fell for a third week in a row on negative sentiment after prices of finished products including rebar continued to slide.

Fastmarkets assessed the steel billet domestic, exw India price at 34,200-34,400 rupees ($468-471) per tonne on Friday January 29, down by 1,000 rupees (2.8%) from 35,200-35,400 rupees per tonne a week ago. The assessment has fallen by...

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