Weekly: Global billet market overview
Jun 30, 2020 11:00
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This week, sizeable billet volumes were reported to be traded in the global billet market. However, billet export offers of all the major billet exporting nations witnessed a marginal drop. Where demand from China was slow amid ongoing dragon festival; 25-27 Jun’20, while the Middle-East region was reported to book sizeable billet cargoes, SE Asia was also noted had booked decent billet volumes. China’s sedentariness has accommodated enough space to the other importing markets like SE Asia for negotiation.
CIS-The billet export offers from the region were noted to witness a drop of $5-10/t, to reach$360-365/t, FOB Black Sea. Sizeable billet cargoes were reported to book from the region.
India-SteelMint's assessment for Indian billet (150*150mm) export stands at $375-380/t, FOB India.
* Indian billet export prices have inched down marginally in