Indian billet export prices hit new record in a recent deal

An Eastern India-based mill reportedly sold 30,000 t billets in China recently. According to SteelMint sources, the company achieved a price level of $780-785/t CFR for June ’21 shipments, which translates to around $710-720/t FoB India. The prices surged by $25-30/t, against our last bi-weekly India billet export assessment- $685-690/t FoB, published on 11 May ’21