16
Mar
15:39
India hikes HRC further on recent European bookings
Surging sentiment, coupled with recent bookings to Europe have encouraged Indian mills to hike hot rolled coil offers by another $80-100/tonne. This also takes into account the cost push from increasing coking coal prices amid supply disruption due to flooding at coal mines in New South Wales (NSW), Australia.
Indian HRC offers are now heard at $1,280-1,300/t cfr Antwerp for April shipment, after the recent conclusion of two small-quantity deals for 4,000-5,000 to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous