Indian bulk exports of billets & re-bar have increased in last few months owing to rising global prices and absence of Chinese material in world seaborne market.
Although there are not many offers from large steel makers like JSW, SAIL, RINL but it has been heard that mid-sized induction furnaces have sold some decent parcels of billet in the month of August. Current price assessment of 125*125mm billets from India are at around $510-$15/MT FOB India.
However, mill scale exports have taken a back seat after Chinese government indicated a possible ban on imports of several solid wastes, including mill scale. According to sources, Chinese importers are not willing to buy any mill scale cargo till they get clarity from the government.
Some of the vessels which have been reported for exports from India this month are:-
Billet:
‘MV Nordana Malee’ to carry 10,000 MT billets, expected to reach at Kandla port on 31st August, shipper Mono Steel
‘MV Thang Long‘ to carry 8,700 MT billets, expected to reach Kandla port on 31st Aug, shipper Mono Steel
‘MV. Bayani’ to carry 5,000 MT, expected to reach Kandla port in first week of September
‘MV Thor Friend’ currently at Chennai port, carrying 10,000 MT billets to be discharged at Sri Lanka, shipper JSW Steel
‘MV New Lucky‘ shipped from Chennai port on 7th August carrying 5,000 MT billets to Sri Lanka, shipper JSW Steel
‘MV Star Lily’ shipped from Chennai port on 14th August carrying 27,000 MT billets to Philippines, shipper JSW Steel
Re-bar:
‘MV Han Thar‘ to load 5,000 MT reAbars from Gangavaram and expected discharge in Sri»Lanka
Mill Scale:
‘MV Murou’ to load 12,000 MT mill scale from Kandla port in first week of September
Bulk Scrap (Import) :
MV Supernova to discharge 33,600 MT ferrous scrap at kandla port in first week of Sep‘17, load port USA, receiver Mono Steel
Source Steel Mint powered by Keyvan Jafari Tehrani
