A private Indian steel manufacturer has concluded an export deal for 15,000-20,000 t HRC (re-rolling grade) for end Mar-Apr ’21 shipments. The deal was concluded in a range of $735-740/t CFR basis, SteelMint learned from its market channels. Prices have come down by $35-40/t w-o-w against last week’s offer of $770-780/t CFR basis. Indian steelmakers are preferring to export HRC to UAE and European countries on higher prices realizations amid bearish sentiments in the domestic market.
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