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Indian mills reduce global sales on better domestic realizations

The Indian mills continue to remain inactive in the global billet market for this week as well. The mills are enjoying better domestic realizations and are in no mood for the exports. Owing to this, some mills have also curbed their export allocations, SteelMint learned from trade sources.
Early last week, an Indian mill booked 20,000 tBF grade billet (150*150mm)through a tender at a price level of $400-405/t, on a FOB India basis. The shipment is likely to go to China, SteelMint learned from a company official. The company is mostly shipping previously concluded orders and is not offering

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