Tag: India billet export

India: Bi-weekly billet export assessment drops on bearish sentiments in China

Aug 21, 2021

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by

Indranath Jha

in Billet

The Indian bi-weekly billet (150x150mm, 3SP/4SP) export assessment (FOB east coast India) dropped $17/t, or 2.8%, to $613/t on 20 Aug’21 on falling steel futures in China due to a bearish demand outlook on the back of steel production curbs, SteelMint notes. China’s re-bar futures contract for Jan’22 delivery closed at RMB 5,017/t ($773/t) on…