India continues to remain active in the global billet market. In the past couple of weeks, the country was reported to book over 250,000 t billets, both government and private-owned mills were equally noted active in the global market. SteelMint assessment for billet (150*150mm) export from India is at $375-380/t, FoB, identical as last week.
The bookings were mostly made for SE Asian and Far East Asian countries. While most of the deals were reported in the range of $370-380/t, FoB Indonesia was noted to book 20,000 t special grade billet cargo at $420-425/t, on CFR basis.
However, few private mills like JSPL have mentioned, that they are now seeking to reduce billet exports to China, shifting its overseas sales efforts to other products.
Below mentioned are the recent bookings from India concluded in the last couple of weeks-
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