Vizag Steel, India’s state owned steel maker and one of the largest exporters of billet, has concluded its export tender, which closed on 18 Jul’16. Tender comprised of 10,000 MT billet (90*90 mm) and 30,000 MT blooms (150*150 mm).
Market participants confirm that 20,000 MT blooms have been concluded at USD 305/MT, FoB Vizag Port (India east coast) and billet (90*90 mm) at USD 300/MT, FoB Vizag Port. Cargoes will be shipped in August, 2016.
Next tender is likely to come in August, 2016 for September shipments.
Global billet prices (in USD/MT)
| Particular | Grade | Delivery | Price | W-o-W |
| India Export | 150 X150 mm | FoB India | 305 | 0 |
| Ukraine Export | 125X125 mm, 3sp | FoB Ukraine | 315-320 | +5 |
| Turkey Import | 125X125 mm | CNF Turkey | 330-335 | 0 |
| China Export | 150X150 mm,Q235 | FoB China | 305-310 | +5 |
| Bangladesh Import | 150X150 mm | CNF Bangladesh | 320-325 | +5 |
Source: SteelMint Research
Leave a Reply