23
Mar
15:04
India hikes HRC despite reduced demand from Europe
Despite demand from Europe dipping after buyers there secured tonnages, Indian mills have further raised their hot rolled coil offers, mainly because of high input costs, exhausted export allocations and the fiscal year-end, various sources inform Kallanish.
Initial offers to Europe are heard at around $1,300-1,320/tonne cfr, depending on mill and port of origin; however, actual deals are concluded at comparatively lower numbers. An Indian mill sold a small quanti…
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Anonymous
Very good overview of the weekly steel market.
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