Indian billet exports, during Jan-Sep’20, stood over five mn t, posing a y-o-y growth of three-folds. Due to the pandemic, the country experienced sluggish domestic demand during Mar-Jul’20, which turned the mills towards the export market. Increased buying from China boosted India’s billet exports. During Jan-Sep’20, China imported ~13.5 mn t billets, in which Indian billets stood at 2.5 mn t (18%).
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