Indian bulk billet export shipments rise by 67% in October 2019. According to data maintained by SteelMint stats, bulk export shipments recorded at ~305,000 MT in Oct against ~181,000 MT in Sep 2019.
Jindal Steel and Power Ltd turned out to be the largest exporter with a volume of 122,000 MT followed by RINL. Indonesia tops importing country with a volume of 81,500 MT followed by China (41,630 MT). Indian total billet exports reported in September was 314,200 MT against 195,000 MT in August. Bulk contributes to 35% to total exports.
Indian Bulk Billet Exports Oct’19 & Sep’19 in MT
| Countries | Oct’19 | Sep’19 | M-o-M % Change |
| Indonesia | 81,500 | – | 100 |
| China | 41,630 | 17,000 | 145 |
| Malaysia | 30,767 | 32,040 | -4 |
| Sri Lanka | 15,000 | 40,690 | -63 |
| Taiwan | 10,500 | – | – |
| Philippines | 10,000 | 43,200 | -77 |
| Italy | – | 4,000 | -100 |
| Kenya | – | 8,800 | -100 |
| Oman | – | 16,580 | -100 |
| Thailand | – | 19,000 | -100 |
| Others | 114,959 | – | – |
| Grand Total | 304,356 | 181,310 | 67 |
Source: SteelMint Stats
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