A state-owned steelmaker had floated a spot sale export tender for 30,000 t of blooms (BF-route, 150x150mm, 3SP/4SP grade) for end-April shipment. The deal was concluded at $600-605/t FOB, sources informed. A hike in global scrap and billets offers has resulted in an improvement in export bookings. India’s billets and blooms exports dropped 66% y-o-y to 1.79 mnt in CY22 compared to 5.24 mnt in CY21.
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