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12 Mar
13:48

India HRC exports continue sluggish sentiment

Indian hot and cold rolled coil export activity remains sluggish in the European market due to limited demand, sources tell Kallanish. Market participants note export activity to Europe is “very limited due to less demand” and “less confidence in the market”, as customers are waiting for prices to drop further. Initial India-origin HRC offers were heard in Europe in the range of $650-660/tonne cfr Antwerp, or $600-610/t fob India for S235…
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