Indian domestic secondary billet prices fell by 300 rupees ($4) per tonne week on week, despite the price of other key raw materials such as direct-reduced iron (DRI) continuing to rise.
Fastmarkets' price assessment for steel billet domestic, ex-works India was down by 300 rupees per tonneat 46,300-46,500 rupees ($619-623) per tonne, compared with last week's 46,600-46,800 rupees per tonne ex-works."Demand for billet has slowed and inquiries have reduced as...