Following the elections in Kenya, buyers there have resumed booking billet with bids matching only South African offers. Buyers inform that Indian fob offers are matching the cfr prices they are receiving from the South African suppliers.
Indian 3SP/4SP 100mm square re-rollable grade induction furnace billet initial indications are noted at $640-650/t fob western India, equating to $730-740/t cfr Kenya and Tanzania. According to a source, an Indian supplier report…
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