Major Indian steelmakers have reportedly booked around 80,000 t HRC to the UAE at around $1,030-1,050/t, CFR basis, for Jul-Aug ’21 shipments. Lower HRC export offers to Vietnam and exhausted HRC import quota to Europe have shifted the focus of Indian steel mills to the Middle-East and Turkey. During Jan-Apr ’21 Indian HRC/plate export volumes to the UAE stood at 0.14 mn t.
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