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09 Aug
15:45

Indian billet exports slump despite surge to Italy

Indian semi-finished product exports, the majority of which were billet, slumped -28% on-year in June to 164,935 tonnes, Kallanish learns from Indian commerce ministry data. Their average value was $463/tonne versus $539/t in June 2018. Shipments to top market Nepal inched down -0.7% in June to 106,381t, while third, fourth and fifth-largest markets Sri Lanka, Kenya and Indonesia took in -5%, -50% and -88% less respectively at 22,485t, 3,271t and 2,747t. Th…
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