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Weekly: Global billet market overview

The global billet prices gained stability this week amid bid-offer spread due to swinging Chinese rebar futures. Despite the disparity, sizeable billet volumes traded in the China and SE Asian destinations. However, Indian billet export offers have increased sharply, after a state-owned Indian mill concluded a billet export tender towards the end of the last week.
CIS-The offers from the region remain unchanged for this as well at $398/t, FOB. This week, sizeable billet volumes booked for China and Thailand from Russia. India-This week, SteelMint assessment for Indian billet export offers (150*150mm) has moved up sharply and is currently at $420/t, FOB India. The prices have increased

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