Tag: Indian billet export market
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Indian mills likely to offer fewer billet, bloom tonnes for exports
Indian steel mills booked fewer export deals for semi-finished steel, such as billet and bloom, amid an increase in domestic demand. An Indian state-owned mill likely booked 60,000 t blooms at $395-400/t, on an FoB India basis, via an export tender. Shipment is expected on 30 Sep’20 with China as the likely destination. The company’s…