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India: Billet export price surge to an 8-year high level

Indian billet export prices surged to an eight-year high level. In a recently concluded billet export tender, an Indian mill achieved a price level of $591-593/t, FoB India. The tender floated was for 60,000 t blooms (150*150mm, 3SP/4SP grade) for May ’21 shipments.
Vizag Steel has floated an export tender for 240,000 t blooms (150*150mm, 3SP/4SP). The payment terms are- 90% advance of the tendered quantity. The delivery schedule is within four months, from the date of receipt of advance.The due date of the tender is 26 Apr ’21. The company has also

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