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India: Billets export market remain inactive in absence of firm bids

ABSTRACT

Indian blast furnace (BF)-grade billet export prices continued to remain under pressure amid low demand from key importing nations. Falling sentiments and a sluggish market kept the billets market down. The gap in bids and offers widened owing to increased prices in the domestic market.
  An Indian mill had floated an ocean sale export tender for 18,900 t of prime mild steel non-alloy concast billets (125x125x9000/12000 mm, 4SP/5SP) with due date for the tender as 27 June 2022, and the delivery scheduled for 31 August. According to market sources, the tender received very limited participation

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