Indian HRC export price increases in a recent deal for Europe

A major private Indian steel mill is reported to have booked around 10,000 t HRC (base grade) for Apr-end May ’21 shipments. The deal is concluded in the range of $865-875/t CFR basis, SteelMint learned from credible sources. Offers increased by around $10 against $860/t CFR last week. Hike in global HRC prices have pushed Indian export offers as well.