Indian private steel mill is reported to have booked a small parcel of 5,000 t HRC to Europe at around $700-720/t CFR basis (translates to $660-680/t FoB) for Jan-Feb’21 shipments,SteelMint learned from its authentic trade channels. A few days back the company booked around 20,000 t HRC to Europe at $670/t CFR for Jan’21 shipments. Limited allocations for exports and higher domestic price resulted to hike in offers from India.
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