Steel Authority of India Ltd (SAIL), India’s largest state owned steelmaker, has allocated 15,000 MT billets of size 150*150mm for exports, according to sources.
“SAIL has invited bids from registered participants for export of 15,000 MT Billets. There is no official tender released. “said a trader based in Mumbai.
Last billet tender by Vizag steel, which expired in the month of November, was concluded at USD 383/MT FOB. SAIL is expecting a price level of USD 400/MT FOB, according to market participants.
Chinese Billet Export Offers
Chinese billet export offers continue to rise this week owing to higher iron ore and coking coal prices. Offers for 150*150mm Q235 grade billets are assessed in the range of USD 390-400/MT FOB China main port.
On similar lines, export offers from CIS region has increased this week and currently being assessed at USD 390-400/MT FOB Black Sea.
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