Indian CRC export offers range-bound w-o-w amid concluded deals
Indian CRC export deal of around 5,000-8,000 t was heard concluded at $785-790/t CFR Antwerp for Feb'24 deliveries by an Indian steel major. Current offers stood at $785-790/t CFR Antwerp ($735-740/t FOB east-coast India). Steel mills in EU have increased domestic prices for late-Feb to Mar'24 deliveries, due to which imports are viable option for buyers to restock before holidays.