Indian Billet exports have increased as compared to Dec, 2013. Trade sources confirm that exporters are offering Prime grade Mild Steel Billet at around USD 510-515/MT on FOB basis from Indian coast.
Exporters added that most of the shipments are sailed to Bangladesh & African countries. Another source confirmed that a lot of around 500 MT was sold to Nepal at around USD 490/MT on Ex-plant basis in Durgapur (West Bengal), freight would be another USD 30-40/MT. Indian Domestic prices move up to INR 1,000-1,500/MT M-o-M basis.
Indian Billet Prices (INR/MT) as on 22 Jan, 2014
| Particular | Grade | Price | W-o-W | M-o-M |
| Mandi Gobindgarh | Commercial | 33,100 | + 100 | + 100 |
| Rourkela | Commercial | 29,000 | + 450 | + 1,000 |
| Cuttack | BIS (IS 2830) | 27,400 | – | – |
| Durgapur | Commercial | 30,850 | + 950 | + 1,850 |
| Raipur* | Commercial | 30,300 | + 300 | + 1,200 |
| Mumbai* | Commercial | 32,700 | – 100 | + 1,100 |
| Jalna | Commercial | 31,750 | + 50 | + 550 |
| Kandla | Commercial | 32,900 | + 400 | + 1, 400 |
| Hyderabad | Commercial | 32,000 | 0 | + 1,500 |
| Chennai | Commercial | 32,500 | 0 | + 1,800 |
Daily Assessment
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