UTC+8 ( BJT)

Indian billet export prices up on active Chinese buying

Indian billet prices remained supported on the back of rising Chinese domestic billet prices. In the past two weeks, a couple of Indian state-owned mills sold over 90,000 t billets. According to SteelMint sources, the cargoes are likely to be shipped for SE Asia, Sri Lanka, and China.
Amid rising Chinese domestic billet prices, Indian mills are highly active in the export market. For instance, Vizag steel has floated billet (65*65mm, 90*90mm) and bloom (150*150mm, 200*200mm) tenders for 100,000 t. The delivery is likely to be scheduled for mid-May ’21. During conversations with a state-owned mill, we learned that

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