Tag: higher export realizations
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Indian steel mills propose a hike of INR 7,000-9,000/t for H1 FY ’22 auto contracts
Biannual steel contract negotiations between steelmakers and auto manufacturers have begun with steel mills asking for INR 9,000 ($124) increase in flats and INR 7,000 ($97) in longs for H1 FY ’22, SteelMint learned from its credible sources. Steel mills are trying to close the negotiation with auto companies at the earliest for an increase…