The comparatively strong domestic Indian market is favouring billet sales in the nation over exports, in terms of better price realisations. Moreover, ongoing elections in Kenya have further reduced the scope of billet exports from India and sources expect this to continue till the end of August, Kallanish notes.
Indian 3SP/4SP re-rollable grade induction furnace billet initial indications surged by a further $10-20/tonne on-week to $645-650/t fob western India, e…
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