Indian local secondary billet prices in the current week have fallen sharply by at least 1,600 rupees ($23) per tonne on weak demand while finished product makers such as rebar mills curtailed purchasing semi-finished products.
Fastmarkets' assessment of the price for Indian domestic secondary billet stood at 28,100-28,300 rupees per tonne ex-works on Friday June 21, down by 1,600 rupees per tonne...