A major Indian mill has booked an export deal of about 20,000-25,000 t HRC (re-rolling grade) for end Mar-Apr ’21 shipments. The deal was concluded in the range of $735-740/t CFR basis. However, with the increase in global offers Indian mills have raised offers for UAE to $745-750/t CFR basis, SteelMint learned from credible sources. Subdued buying in the domestic market and higher realizations in export trades have pushed Indian steelmakers to explore overseas markets.
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