Major Indian steel producers have collectively booked around 40,000 t of HRC for exports to the UAE for Aug-Sept’21 shipments. The deal price was in the range of $975-980/t CFR, sources informed SteelMint. Indian mills have shifted their interest to the UAE since Vietnam is under lockdown due to increased COVID cases. Also, sluggish demand in the domestic market has resulted in increased exports. Meanwhile, Indian HRC/plate exports to the UAE stood at 279,943 t in H1 CY’21.
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