UTC+8 ( BJT)

Indian billet export offers rise slightly; outlook divided

Indian billet prices have climbed up, post a state-owned steelmaker concluded a 30,000 t (150*150mm, 3SP/4SP) bloom export tender floated for spot sale towards the end of last week. According to SteelMint sources, the company managed to achieve a price level of $430/t, FOB India, up by $5 against previously concluded tender. The shipment is likely to be scheduled by 31 Oct'20.
SteelMint assessment for Indian billet export offers (150*150mm) has risen by $2-3w-o-w and is at $430/t, FOB India. SAIL’s 16,200 t billet export tender under negotiations-Steel Authority of India Limited (SAIL) has floated an export tender for 16,200 t billets (125*125mm, 4SP/5SP) from its Durgapur Steel Plant for the end Nov'20


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227