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14 Jan
14:29

Reduced Philippines, Indonesia demand slashes Indian billet exports

Indian semi-finished product exports, the majority of which were mild steel billet, slumped -58.3% on-year in October 2018 to 139,169 tonnes, according to Indian commerce ministry data monitored by Kallanish. This came despite a 16% growth in shipments to Nepal to 107,159t, and deliveries of 16,769t to Italy versus zero in the year-earlier period. The drop occurred due mainly to a -92% slump in supplies to Indonesia to 6,355t and exports to the Philippines dropp…
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