Indian steel mills struggle to find met coke at reasonable prices
Indian steel producers have continued to face challenges finding competitively-priced offers of metallurgical coke in the domestic market.
Indian steel producers have continued to face challenges finding competitively-priced offers of metallurgical coke in the domestic market.
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Despite a lack of trading activity in the global billet market, target prices of Indian billet exporters rose much further by the end of the week.
By the end of the week some South Korean buyers have returned to the market with bids for Japanese material at the same level as seen last week.
Ex-Iran export steel billet trading has remained constrained by restrictions imposed by the Iranian government.
Deep sea scrap prices in Turkey are still moving up in each deal disclosed to the market.
Indian integrated steel mills led by Tata Steel and Jindal Steel and Power Limited (JSPL) have started increasing base prices for rebar.