31
Mar
17:28
Indian billet export offers surge on Africa demand
Indian mills have raised their billet offers to Africa on the back of positive sentiment developing ahead of Ramadan and upcoming elections in Kenya. Steelmakers have raised the offers by $30-35/tonne, Kallanish notes.
Offers for induction furnace (IF) grade 100mm square billet to Africa are noted at $910-920/t cfr Kenya and Tanzania, equating to $800-810/t fob Indian west coast. Offers have also hiked on recently surged freight costs from India to Africa. Gujarat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous