Indian CRC export activities gained traction post-removal of export duty with deals of around 40,000 t reported last week. A major mill has withdrawn offers anticipating an increase in prices on the global platform. SteelMint’s weekly CRC export assessment stands unchanged at $660-670/t CFR EU. Meanwhile, Chinese CRC export offers have increased $30/t to $630-640/t FOB following hike in SHFE ferrous futures.
Leave a Reply