25
Aug
17:26
Indian billet continues to remain unpreferable in Africa
Following the conclusion of the presidential elections in Kenya, the nation is witnessing political instability. This, along with the previously booked costlier billets, has plunged buying sentiment in Kenya. Sources say, due to political instability, mills are selling rebar at the price of billets, Kallanish notes.
Indian 3SP/4SP re-rollable grade induction furnace billet initial indications plummeted by $10-20/tonne on-week to $635-640/t fob western India, equat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous