An Indian state-owned steel mill had floated a spot export tender for 60,000 t of steel billets (150*150mm, 3SP/4SP grade) recently. The tender, due on 9 Jul’21, has been concluded for a quantity of 30,000 t at $596-598/t FoB on 100% advance payment basis, SteelMint confirmed from market sources. SteelMint’s bi-weekly assessment for Indian billet (150*150mm, BF route, FoB east coast) was recorded at $600/t on 9 Jul, up by around $20/t against the last assessment on 6 Jul’21.
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