Indian mills have raised HRC export offers sharply by $15-25/t on strong Chinese futures. Current offers for HRC (SAE 1006) stand at $740-750/t CFR Vietnam for Apr shipments. Recently a major private steel mill has concluded an HRC deal of about 30,000 t at $725/t CFR basis for end Mar shipments, SteelMint learned from its authentic trade channels. Hike in Chinese steel futures and rumors of export tax rebate cuts have kept market sentiments supported.
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