15
Sep
16:54
Indian mills eye billet exports amid improving sentiment
The recent fall in seaborne scrap prices, coupled with surging billet offers in Turkey and Southeast Asia, are seen widening Indian billet exporters’ margins and prompting them to resume shipments abroad imminently.
The majority of them expect an upward price correction in the East African market and aim to fetch billet export deals, Kallanish notes.
This week, Indian 3SP/4SP re-rollable grade induction furnace billet indications surged by $10/tonne on-week…
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Anonymous
Very good overview of the weekly steel market.
Anonymous