12
Jan
14:02
Indian HRC gains on rising export demand
As anticipated last week, Indian hot rolled coil offers have grown by $5-10/tonne on-week to $725-730/t fob India on the back of a demand correction in Vietnam and the Gulf Cooperation Council, various sources inform Kallanish.
Offers for 2.5mm+ E250 grade domestic HRC are noted at INR 64,250-65,000/t ($870-880) ex-Mumbai for January deliveries. However, deals are heard being concluded at INR 62,500-63,000/t ex-Mumbai. Offers for E350 grade HRC are pegged at INR 6…
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Anonymous
Very good overview of the weekly steel market.
Anonymous