Tag: India billet price
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India: Billet export price indications drop on lower bids
Indian BF-grade billets export price indications fell sharply on drop in bids followed by competitive offers from CIS nation and fall in scrap offers. SteelMint’s bi-weekly price assessment for Indian billets exports (150*150mm, 3SP/4SP, BOF route) stood at around $705/tonne (t) FOB on 11 May 2022, down $30/t w-o-w. An Indian steelmaker floated an ocean…