Indian billet export to Bangladesh and Nepal has increased by twofold in Feb’16 compare to Jan’16.
The prime cause of such rise in export quantity is SAFTA agreement that attracts zero duty for SAARC nations. Presently, duty on importing billet from SAARC countries is zero. Whereas, it is around USD 90/MT from other nations (including China). Export to Bangladesh has mainly done from RINL, Vizag port to Chittagong qty 57,000 MT and from Kolkata by road qty 28,000 MT approx. The major buyer for billet was BSRM. India export to Italy was from Chennai port.
Currently, global FoB billet offers are assessed at the same rate of USD 320/MT both in India and China.
Indian Billet Export During 3 Months (Dec’15-Feb’16)
| Country | Feb’16 | Jan’16 | Dec’15 |
| Bangladesh | 89,500 | 39,443 | 9,227 |
| Italy | 10,299 | 9,644 | – |
| Nepal | 1,375 | – | – |
| Other | 45 | 46 | 10,374 |
| Total | 101,219 | 49,133 | 19,601 |
Quantity in MT
Source: SteelMint Research
MS Billet Global Prices as on 16 Mar’16
| Particular/Delivery | Size/Grade | Prices (USD/MT) | Change | W-o-W | M-o-M |
| FOB India | 150*150, BF Grade | 320 | 0 | + 24 | + 50 |
| FOB Ukraine | 125*125, BF Grade | 310 | + 10 | + 33 | + 65 |
| FOB China | 125*125, BF Grade | 320 | 0 | + 13 | + 75 |
| FOB India | 95*95, BF Grade | 340 | 0 | + 19 | + 50 |
| CNF Turkey | 125*125 | 320 | + 15 | + 31 | + 60 |
| CNF Middle East | 125*125 | 330 | + 10 | + 25 | + 70 |
| CNF Bangladesh | 125*125 | 335 | + 5 | + 21 | + 70 |
Source: SteelMint Research
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