02
Jun
16:21
Indian billet exports gain on domestic market uptick
The recent uptick in Indian domestic billet offers is seen supporting mills to hike their export quotes as well. Mills are hesitant to drop their export offers, regardless of what buyers are bidding, Kallanish notes.
Indian mills are eyeing to sell their 3SP/4SP re-rollable grade induction furnace billet at above $640/tonne fob India, equating to $730-740/t cfr Kenya and Tanzania. According to a mill source, limited bookings are happening at these levels; however,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous