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Indian billet export prices climb to 2 year high recently

Indian billet export prices have soared in recent deals, going up by $25-30/t week-on-week (w-o-w) in a recent export tender hosted by a state-owned steel mill.
The tender was for 30,000 t of billets of 4SP grade for the end-Dec’20 shipment. According to sources, the company managed to achieve a price level of $475-480/t, FOBIndia basis. The shipment is likely to be scheduled for a South East Asian destination. Indian billet export prices are hovering at over

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