Ex-India billet export prices slide

Monday, 02 April 2018 22:16:05 (GMT+3)   |   San Diego
       

On March 19, SteelOrbis reported ex-India export billet offers stable at $530/mt FOB. Sources reported some offers as high as $545/mt FOB in the same period, though the majority at $530/mt FOB.

Sources inform SteelOrbis that at the end of March, billet offer prices were trending at $515-525/mt FOB with no major billet export deals reported for the week ended March 30. Over the past two weeks, the most common offer level decreased by $15/mt while the top of the range decreased by $20/mt.

Sources report some strengthening of the domestic market for billet in the past week that will provide support to export offers. A source noted, “Mixed movements in the domestic semis markets around the country, slight rebound in overall Chinese prices, and a slight increase in national billet prices in the last week in March help strengthen my sentiment that as the market uncertainty subsides, billet exports from India may achieve some gains.”


Similar articles

No halt to downtrend in SE Asia’s import billet market, more traders going short

28 Mar | Longs and Billet

Ex-Asia billet offers become more affordable in Turkey, market slightly optimistic

27 Mar | Longs and Billet

Ex-India billet prices stable, but buyers try to push below $490/mt FOB

27 Mar | Longs and Billet

Ex-ASEAN billet sales continue at low prices, China turns negative again

26 Mar | Longs and Billet

Global View on Billet: Better sentiments, suppliers fail to achieve higher deal prices so far

22 Mar | Longs and Billet

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

Import billet prices in SE Asia hit new low, trend reversal anticipated

21 Mar | Longs and Billet

Domestic billet sales livelier in Turkey, import price range narrows amid limited allocation

21 Mar | Longs and Billet

Ex-India billet sellers ready to accept lower prices to push sales amid weak local conditions

20 Mar | Longs and Billet

India’s RINL floats export tender for 30,000 mt billet for end-April shipment

20 Mar | Longs and Billet