Indian mills increase CRC export offers for Europe

Indian mills have announced a steep hike in CRC export offers to Europe by around $20-25/t against the previous booking concluded last week,

• The current offer stands in the range of $1,400-1,420/t CFR Antwerp
• Last week, steel mills had booked around 30,000 t CRC at $1,375-1,380/t CFR basis,
• Indian mills have exported around 0.13 mn t CRC during Jan-Mar ’21.