Indian mills have increased their HRC (re-rolling grade) offers for Nepal by $10/t this week. In a recent deal concluded, around four rakes of Indian origin HRC have been booked at $560-565/t ex-mill (equivalent to $580-585/t CFR Raxual border) for Dec- Jan shipments, SteelMint learned from market sources. Nepal imported 0.327 mn t HRC/plate during Jan-Oct’20 majorly from India.
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