Two Indian mills cancel billet export tenders on limited participation

Earlier this week, two Indian state-owned mills had floated export tender for around 49,000 t billets (30,000 t (150*150mm) and 18,900 t (125*125mm)). According to SteelMint sources, the mills canceled their export tenders amid limited participation. SteelMint’s bi-weekly assessment for Indian billets (150*150mm, BF route, FoB east coast ) is currently at $518-525/t, down by $12-15 /t w-o-w.