Indian secondary billet prices fall by $20 per tonne on weak demand

November 20, 2021 / www.metalbulletin.com / Article Link

The price of secondary steel billet in the Indian domestic market fell by 1,500 rupees ($20) per tonne over the week ended Friday November 19, with demand for semi-finished materials slowing down in line with a sharp fall in demand and prices for finished steel products.

Fastmarkets assessed the price for steel billet, domestic, exw India, at 41,700-41,900 rupees ($562-565) per tonne on November 19, compared with last week's assessment at 43,200-43,400 rupees per tonne.

"Some billet buyers held back from purchasing,...

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