An Indian steelmaker had floated an export tender for spot sale of 30,000 t blooms (150x150mm, 3SP/4SP grade) against 100% advance payment terms, with the due date being 23 Sep’21. The shipment was scheduled within 45 days from the export agreement. The tender fetched dull response is due to a sharp, d-o-d, fall in Chinese rebar futures. SHFE rebar futures witnessed a significant fall of $21/t yesterday.
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