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Indian billet export market muted in lack of firm offers


This week, Indian billet export prices continued to remain stable. The trade activities remained silent on the primary mills’ side in the absence of firm offers. A state-owned primary mill’s tender, floated for 240,000 t billets expired yesterday. SteelMint could not confirm the outcome of the tender until the publishing time of this report.
SteelMint’s bi-weekly assessment for India billets (150*150, BF route, FoB East coast) is $600-605/t, unchanged against last week. During our conversation with an international trader, we learned that a few private primary mills are enjoying supernormal margins in finished long products instead of semi-finished products like billets. For instance, a leading


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