A state-owned steelmaker had floated an export tender for spot sale of 30,000 t of steel blooms (BF-route, 150x150mm, 3SP/4SP grade). The tender was floated against 100% advance payment terms. According to sources, the deal was concluded at $623-625/t on FOB basis. Indian billet export prices have risen significantly by around $15/t compared to prices seen in the last concluded tender in the previous week.
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