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18 Feb
14:22

EU drives Indian coil export drop

Indian hot rolled flat products exports under HS code 7208 plummeted -58% in December 2018 to only 175,234 tonnes, according to Indian commerce ministry data seen by Kallanish. Their average price was $559.8/tonne versus $534.6/t in December 2017. United Arab Emirates and Vietnam took in 37,011t and 20,538t respectively in December, down -64% and -85%. Malaysia increased intake ten-fold to 19,677t. Saudi Arabia reduced intake -29% to 17,170t but neighbour O…
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