16
Feb
14:47
India withdraws March HRC offers, eyes April shipment
The majority of Indian mills have exhausted hot rolled coil export allocations for March shipment and are now indicating offers for April. Quotes are noted stable at $870-880/tonne fob India, compared to the most recent deals that took place last week and earlier this week, Kallanish notes.
Indian mills expect to achieve higher prices, whereas buyers say prices will go down on the downward sentiment seen in Chinese futures. “I think prices will go up again n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous