04
Aug
16:32
Indian billet offers surge on strong domestic sentiment
The surge in demand for finished steel has increased the intake of semi-finished steel and scrap in India, which has encouraged producers to hike their billet offers for both export and domestic markets. However, this has further reduced the scope of billet exports to East Africa, where buyers still find South African and Middle Eastern material more viable.
Indian 3SP/4SP re-rollable grade induction furnace billet initial indications surged by $10-20/tonne on-wee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous