Indian billet export registered a growth of 135% in the month of Jul’16 against previous month, according to data maintained by SteelMint. Total export was recorded at 83,240 MT in Jul’16, which was 35,306 MT in Jun’16. In Jul’15, export was recorded at 37,515 MT for billet/blooms.
Bangladesh remains the largest market for Indian billets. In the month of Jul’16, export to Bangladesh was about 73,650 MT (88.40% of total exports from India), which includes billets/blooms. While, rest of 9,590 MT was exported to Sri Lanka, Sudan, South Arabia and Nepal.
Total billet export from India in 2016 (Jan-Jul) was recorded at 546,390 MT.
Despite a recent import duty of 20% on billets by Bangladesh government in the month of Jun’16, Bangladesh based re-rollers prefer importing billets. Indian billet is preferred over Chinese and Russian due to less voyage time and better price.
Note: In above mentioned export quantities, slab is excluded.
Brief detail of Indian billet/blooms export under HS Code 7207
- 57,430 MT prime concast steel billet of grade IS 2830 C 20MMN GR A and size 150*150*12,000 mm.
- 8,340 MT of non-alloy steel billet of size 100X100 mm (6METER)
- 3.7,880 MT of prime mild steel concast billet and non alloy of size 165X165X12,000 mm
Billet/bloom exports since Jan’16
| Month | Bangladesh | Nepal | Sri Lanka | Italy | Others | Total |
| Jan’16 | 39,443 | – | – | 9,644 | 46 | 49,133 |
| Feb’16 | 89,503 | 1,375 | – | 10,299 | 45 | 1,01,222 |
| Mar’16 | 55,579 | 761 | – | 16,434 | – | 72,774 |
| Apr’16 | 20,888 | 6,578 | – | – | 33 | 27,499 |
| May’16 | 131,127 | 10,168 | 23,007 | 10,735 | 2,182 | 1,77,219 |
| Jun’16 | 19,908 | 4,637 | – | 10,735 | 26 | 35,306 |
| Jul’16 | 73,647 | 417 | 300 | 8,873 | 83,237 | |
| Total | 4,30,095 | 23,936 | 23,307 | 57,847 | 11,205 | 5,46,390 |
Quantity in MT
Source: SteelMint Research, Custom Data
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