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Indian billet export prices plunge $45/t

ABSTRACT

Indian billet export prices witnessed a sharp fall in a recently-concluded tender by a steel mill for 30,000 tonne (t) of blooms (3SP/4SP). According to sources, the mill achieved a price level of $655-660/t, FoB India for June’21 shipments.
At the end of last week, an Indian state-owned mill sold around 16,200 t of billets of 125*125mm size through a tender at $700/t, FoB India. The shipment is to be delivered to a South East Asian country by June ’21. SteelMint’s bi-weekly assessment for blast furnace-route billet (150*150mm) exports was

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