Category: CRC
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India: Mills may close auto contracts soon; some deals sealed
Auto contracts for the first quarter (Apr-Jun ’21), which had run into controversy, are likely to be closed by month-end, ending months of speculation. A leading mill informed that most of the contracts have been finalised for long products at around INR 5,950/tonne(t) while negotiations are on in flats. SteelMint has learnt from reliable sources…