16
Jun
16:47
Indian billet exports stuck amid offer-bid imparity
High offers from Indian billet exporters against low bids from East African buyers have halted the IF-grade billet export trade from India. Mills are seen resisting dropping their offers on the back of better realisations in the domestic market, whereas, owing to the global downtrend, buyers are bidding low, Kallanish notes.
The Indian 3SP/4SP re-rollable grade induction furnace billet offers are noted at $620-630/tonne fob west India, equating to $710-720/t cfr K…
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Anonymous
Very good overview of the weekly steel market.
Anonymous