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India: Mills need to lower Europe-bound export offers


Indian mills may need to bring down prices for European buyers to make their exports viable and match competition.
“At current prices of $950-960/tonne FoB India, European buyers will not be interested much after paying 25% duty,” a source informed SteelMint. Some small bookings may take place but Indian mills may have to bring down prices to make these viable for European buyers and match competition, the source indicated. European buyers


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