An integrated steel mill has concluded another export deal of 50,000 t of rebar to Hong Kong for Aug’21 shipment at around $735/t CFR on AW basis, SteelMint learnt from sources. The freight rate from India to HK is assessed at around $40/t. Steel exports by India were recorded at 2 mn t in Jun’21, as per latest SteelMint reports. Flat steel exports were at 1.25 mn t, while long steel products exports stood at 0.25 mn t.
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