23
Sep
15:45
Indian billet offers plunge, remain uncompetitive for export
Sluggish demand for long steel has brought down the price of billet, but Indian billet is still seen as the costliest among all other origins in global trade. Aware of the large gap between offers and bids in export markets, Indian sellers are seen satisfied focusing only on domestic sales for the moment.
This week, Indian 3SP/4SP re-rollable grade induction furnace billet indications plummeted by $25-30/tonne on-week to $600-605/t fob western India, equating to $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous