Indian billet export prices rise in a recent deal
Sep 10, 2020 10:00
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Indian billet export prices have moved up sharply in recent deals. An Indian mill reported having concluded a 60,000 t bloom export tender floated for spot sale. According to SteelMint sources, the company managed to achieve a price level of $425/t, FOB India, up by $10 against previously concluded tender. The base price set for the tender was $420/t, FOB India. The shipment is likely to be scheduled by the mid-Oct'20 for China.
Although, the other Indian primary mills continued staying out of the global billet market with a focus on the domestic market.
Yesterday, the SteelMint assessment for IF grade billets (Exw Raipur) was at INR 30,150/t ($410/t), up by INR 650(~$9) from last week's prices.
SteelMint assessment for Indian billet export offers (150*150mm)