Indian Domestic Billet & Rebar Prices Soar by INR 500/MT
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In a day, Indian billet & re-bar prices increase by INR 200-500/MT (USD 3-8) on improved buying.
According to trade participants, presently rebar demand is quite good which in turn surge in billet offers.
Further, the re-rollers in Central region (Raipur) & East India (Durgapur) mentioned, none stock with them hence with strong inquiries prices surge instantly. These markets are the key suppliers for long steels in across India
Domestic Billet & TMT(12 mm) offers as on 14 Jun'17
| Region | Particular/Delivery | Billet/TMT | Prices | D-o-D |
| North India | Ex-Mandi Gobindgarh | Billet | 27,900 | +450 |
| TMT | 32,250 | +250 | ||
| East India | Ex-Durgapur | Billet | 24,100 | +150 |
| TMT | 27,700 | +200 | ||
| Central India | Ex-Raipur | Billet | 24,900 | +200 |
| TMT | 29,300 | +250 | ||
| West India | Ex-Ahmedabad | Billet | 26,900 | +100 |
| TMT | 28,800 | +200 | ||
| Ex-Mumbai | Billet | 26,200 | +200 | |
| TMT | 29,900 | 0 | ||
| South India | Ex-Chennai | Billet | 24,550 | 0 |
| TMT | 29,000 | 0 | ||
| Ex-Hyderabad | Billet | 25,000 | 0 | |
| TMT | 29,000 | +300 |
Prices in INR/MT
Source: SteelMint Research
