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Indian billet export prices remain stable in recent deals

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BigMint Bureau

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8 Jul 2020, 20:32 IST

Indian billet export prices remain stable in recent deals

Indian billet export market was reported stable with prices remained unchanged for the second consecutive week.

An Indian mill was reported to have book 20,000 t billets for China, at the end of the last week. According to sources reported to SteelMint, this deal was done off-tender for 150*150mm size at $380/t, FoB India. The shipment is scheduled for end-Aug'20 from Paradip port. Amid soft overseas demand, limited deals were noted by the SteelMint, this week.

SteelMint assessment for billet (150*150mm) export from India is at $375-380/t, FoB, identical as against last week.

Tenders in the pipeline -

* RINL 30,000 t bloom export tender- The company has floated a bloom export tender for 30,000 t blooms against 100% advance payment terms. The grade and size offered in the tender are 3SP/4SP and 150*150mm respectively. The shipment is scheduled for 25 Aug'20 and the tender due date is 14 Jul'20.

* RINL 60,000 t bloom and billet export tender-The company has invited the bids for export of 30,000 t bloom and 30,000 t billets. The size offered in the tender is 150*150mm, while the grade mentioned is 3SP/4SP. The tender due date is 10 Jul'20 and the delivery is scheduled for mid-August.

* SAIL 18,900 t billet export tender-The company is offering 18,900 t billets through tender from its Durgapur Steel Plant. The size offered in the tender is 125*125mm, while the grade offered is 4SP/5SP. The shipment is scheduled for 31 Aug'20 from Haldia port, and the tender due date was 17:00:00 HRS [IST] of 7 Jul'20.