- China billet export offers jump post-holiday
- Iran disruption tightens billet supply; supports Indian billet export price
On 8 May 2026, Rashtriya Ispat Nigam Limited (RINL) concluded a 30,000 t export tender for CONCAST billet (150 mm & 200 mm, 3SP/4SP) at around $480/t, supported by bullish global billet sentiment and tightening regional supply.
Market participants noted that India can re-emerge as an opportunistic billet supplier during periods of supply disruption, particularly in the GCC and Southeast Asian markets.
Short-term demand from Southeast Asia and the Middle East has improved as Iranian billet exports remain largely absent from the seaborne market amid the ongoing war situation and related freight disruptions.
Meanwhile, China-origin billet export offers also increased sharply after the holiday period, rising from around $465-470/t earlier to nearly $480-482/t FOB China, further supporting regional billet prices.
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