Indian billet export market was reported stable with prices remained unchanged for the second consecutive week.
An Indian mill was reported to have book 20,000 t billets for China, at the end of the last week. According to sources reported to SteelMint, this deal was done off-tender for 150*150mm size at $380/t, FoB India. The shipment is scheduled for end-Aug’20 from Paradip port. Amid soft overseas demand, limited deals were noted by the SteelMint, this week.
SteelMint assessment for billet (150*150mm) export from India is at $375-380/t, FoB, identical as against last week.
Tenders in the pipeline –
* RINL 30,000 t bloom export tender- The company has floated a bloom export tender for 30,000 t blooms against 100% advance payment terms. The grade and size offered in the tender are 3SP/4SP and 150*150mm respectively. The shipment is scheduled for 25 Aug’20 and the tender due date is 14 Jul’20.
* RINL 60,000 t bloom and billet export tender-The company has invited the bids for export of 30,000 t bloom and 30,000 t billets. The size offered in the tender is 150*150mm, while the grade mentioned is 3SP/4SP. The tender due date is 10 Jul’20 and the delivery is scheduled for mid-August.
* SAIL 18,900 t billet export tender-The company is offering 18,900 t billets through tender from its Durgapur Steel Plant. The size offered in the tender is 125*125mm, while the grade offered is 4SP/5SP. The shipment is scheduled for 31 Aug’20 from Haldia port, and the tender due date was 17:00:00 HRS [IST] of 7 Jul’20.
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