Govt owned- SAIL has recently announced a reduction in rebates for CRC by INR 750/t w.e.f from 16th Oct’20, SteelMint learned from its sources. The revised price of CRCA stands at INR 52,000/t (exy-Mumbai) for new bookings. Tight supplies and robust demand have resulted in hike in domestic CRC prices. Company’s crude steel production stood at 16.15 mn t in FY’20.
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