Tag: Indian billet export prices plunge $45/t as Chinese steel futures fall sharply

Indian billet export prices witnessed a sharp fall in a recently-concluded tender by a steel mill for 30,000 tonne (t) of blooms (3SP/4SP). According to sources, the mill achieved a price level of $655-660/t, FoB India for end-July ’21 shipments. At the end of last week, an Indian state-owned mill sold around 16,200 t of…