A state-owned Indian steelmaker had floated an export tender for spot sale of 30,000 t of steel blooms (150x150mm, 3SP/4SP grade). The tender was floated against 100% advance payment terms with the due date being 2 Sept'21. The shipment is scheduled within 45 days from the export agreement. According to market sources, the deal was concluded at around $590-595/t FOB.
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