Tag: Indian billet export deal

An eastern India-based leading steel mill has concluded an export tender for 25,000 t of steel billets (150x150mm; grade: 3SP/4SP) for Sept’21 shipment, SteelMint learnt from sources. The deal has been concluded at around $650/t FoB (equivalent to $725/t CFR China). Hike in rebar futures, China’s steel production cuts, loss in steel output by Iranian…