Author: Pranjal Markale
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Global billet market: Indian mills enter the fray as domestic market goes sluggish
Indian mills turned active in the global billet market on the wake of increased production coupled with sluggishness in domestic demand. Mills have now increased their export allocations. In the past two weeks, approximately 150,000 t billets were offered for the export market of which 60,000 t were reported sold, a few lots (~30,000-50,000 t)…