05
Mar
12:50
Indian HRC continues to drag on high inventories
Indian hot and cold rolled coil export activity continues to remain subdued due to high inventories in the European market, sources say.
One market participant says this is due to “high inventories in the European market and customers wanting to stay on the sidelines until prices fall.”
However, another tells Kallanish: “There is demand for plate; it is better than [demand for] HRC”. He adds: "European demand is mainly for green steel…
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Anonymous
Very good overview of the weekly steel market.
Anonymous