19
May
17:26
Indian billet sees sliding East African bids, enquires
The sliding global steel market has made East African billet buyers tread cautiously and meticulously calculate bids to prevent incurring losses later when rolling out rebar for their respective markets. Considering rising thermal coal and other input costs, however, Indian mills are less likely to drop their offers to match the buyers’ bids, sources tell Kallanish.
Bids for India-origin 3SP/4SP re-rollable grade induction furnace billet have plunged to $690…
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Anonymous
Very good overview of the weekly steel market.
Anonymous