Given the prevailing sluggish sentiment, coupled with low bidding from buyers and sliding scrap offers, Indian billet export offers have slipped $30-35/tonne on-week, sources inform Kallanish.
Indian 3SP/4SP re-rollable grade induction furnace billet offers are noted at $590/tonne fob western India, equating to $670-680/t cfr Kenya and Tanzania. Bids heard at $560-570/t fob India, translating to $640/t cfr Kenya and Tanzania, are however unacceptable to buyers. Ac…
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