Indian billet offers for export

SteelOrbis has heard that billets ex-India are being offered for export at around $420/mt FOB Indian ports for August shipment. The customers in Far East are not showing much interest in these levels. Trading firms and producers are directing their focus on Middle East and Gulf regions since CIS and Turkish origin billet prices are firm. It is heard that a sale was concluded at $452/mt CFR level to Gulf region last week. The offers given to Arabian Peninsula are at around $450-455/mt CFR.