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Indian billet export prices fall slightly in recent deals

Indian billet export prices have inched down marginally in recent deals. Since last week, Indian mills are reported to book approximately 80,000 t billets. According to trade sources, the majority of deals are heard to have been booked for China.
Recent deals for Indian 150*150mm billets are reported at $375-380/t FOB India against last week's deals of $380-385/t FOB India. However, post these deals, few private mills have said that from now onwards, they are likely to shift their business interest from China to other countries. While on the contrary, sources

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