Tag: Indian mills book 30000 t of CRCs for exports to Europe

A private Indian steel producer was heard to have booked 25,000-30,000 tonnes (t) of CRCs for exports to Europe (EU). The deal was sealed at around $665-670/t CFR EU for end-Dec’22 or early-Jan’23 delivery, informed credible sources. India’s CRC exports stood at 321,785 t mnt in Jan-Sep’22, steeply down by 60% y-o-y because of lower…