Indian billet export tender concludes at a price lower by $40/t – sources

Indian mill reported having booked 30,000 t billets (150*150mm, 3SP/4SP) through a spot sale tender at $530-535/t, FoB for Mar’21 shipment, credible sources reported to SteelMint. Prices have come down by around $40 against its previous tender concluded in early Jan’21 at around $575-576/t FoB for mid-Feb shipment