An Indian government mill was reported to conclude 30,000 MT spot billet export tender of 4SP grade and 150*150mm size recently. The deal value was noted to be approximately USD 355-360/MT, on FoB basis. And the shipment is scheduled by 30 Apr’20.
Prior to this company had floated an ocean export tender for similar quantity, grade and size; 30,000 MT, 4SP, and 150*150mm respectively. According to sources reported to SteelMint, the company has concluded the tender at around USD 355/MT, on FoB basis. Indian mills continue to remain active in exports due to dull domestic demand over ongoing lockdown.
Meanwhile, SteelMint’s assessment for CIS billet export offers are at USD 340/MT, FoB Black Sea, while that for Iran is at USD 330/MT, FoB Iran.
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