Steel HRP is offered at prices ranging EUR 565 per tonne to EUR 580 per tonne CIFFO basis with buyers reluctantly booking at around EUR 570 per tonne effective 90 days.
Moreover a recent booking of 6000 tonnes by an Indian mill in S275 JR grade for Italy at EUR 560 per tonne CIFFO basis has sent shivers in the market.
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( Source: www.steelguru.com )