A state-owned domestic steelmaker had floated an export tender for spot sale of 30,000 t of BF blooms (150×150 mm, 3SP/4SP grade). The tender was floated against 100% advance payment terms. According to sources, the deal was concluded at $608-610/t on FOB basis. Indian billet export prices have risen by around $12/t compared to the last concluded tender in mid-Jan.
Leave a Reply