24
Mar
16:07
Indian billet export offers dive on low bids
Indian billet export offers have dropped on weak demand and low bids from buyers amid falling coking coal prices. The downward sentiment has also impacted Rashtriya Ispat Nigam (RINL)’s billet export tender, which is reported to have received very low-priced bids, Kallanish notes.
Blast furnace grade billet offers plunged to $780-790/tonne fob India, whereas induction furnace grade billet producers are eyeing to sell at $790-800/t fob India. A major Indian m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous