Despite lowering their billet export offers, Indian mills are unable to fetch any firm bookings from African buyers. The upcoming elections in Kenya, coupled with sinking scrap offers amid cheaper Russian billet prices, have slowed bookings in Africa, sources inform Kallanish.
A recent RINL billet tender was also cancelled due to lower bids and buying interest. The highest bids for the tender were heard at $700/tonne fob India.
Quotes for India-origin 3SP/4SP re-…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.