12
Oct
15:17
Competition, low offers limit Indian HRC exports
Consecutive drops in global hot rolled coil offers and high competition from Japanese and Korean mills have reduced the scope of Indian HRC export deliveries. Despite the rupee depreciation, Indian mills are seeing low acceptance from overseas buyers, but they do find it viable to sell in the domestic market, Kallanish notes.
Following the recent conclusion of multiple deals in the Gulf Cooperation Council at $595-610/tonne cfr, Indian offers of $625-630/t cfr &nd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous