A leading Indian steel producer is offering rebate of about INR 1,500/t on HRC for the MoU holders for Feb ’21 deliveries. Along-with this, the participants honouring the MoU quantities for Feb and Mar ’21 deliveries shall receive an additional discount of INR 2,000/t. The motive behind this move is to escalate buying in the domestic market. Meanwhile the company has announced roll over in its steel price for Mar ’21 deliveries.
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