Indian billet export prices breach $400/mt FOB, sustainability uncertain

Indian integrated steel mills have succeeded in pushing up billet export prices and breaching the $400/mt FOB level during the past week.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 7.45
Scrap HMS I/II 80:20, CFR Turkey, $/mt 2.26
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Rebar FOB Turkey, $/mt 2.3
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Product Weekly Change (%)
Billets CFR Turkey 0.85
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  Weekly Change (%)
Turkish Rebar Index 1.44
Turkish Scrap Index 2.22
China rebar export index 0
China wire rod domestic market index 0.48
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