A private integrated steel producer based in western India has booked around 30,000-50,000 t HRC at around $925/t CFR Vietnam basis for May-Jun ’21 shipments, SteelMint learned from its authentic trade channels. Towards the beginning of the week offers were around $900/t CFR. Optimistic downstream demand in Vietnam and limited offers from China on continued uncertainties due to export rebate cuts resulted in higher HRC export offers from India.
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