An Indian state-owned mill had floated a tender for 18,900 t of billets (125mm, 4SP/5SP) for end-Aug shipment. According to market sources, the tender received bids at around $585-590/t FoB. However, mills are expecting a price level of around $600/t FoB. Owing to disparity in bids and offers, the tender has been cancelled, as per reports.
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