12
Apr
16:10
Indian HRC lulls amid slowed global steel demand
Falling sentiment in Asia, coupled with slowed demand in Europe and high competition in the Gulf Cooperation Council, have weakened Indian hot rolled coil offers. Europe continues to remain the premium market for Indian HRC; however, buyers there are resisting hiked Indian offers amid the presence of cheaper options from Asia, sources tell Kallanish.
According to sources, offers for small-tonnage cargoes of structural-grade HRC are noted at $835-840/tonne cfr Antw…
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Anonymous
Very good overview of the weekly steel market.
Anonymous