30
Mar
15:01
China’s Europe arrival puts pressure on Indian HRC
The arrival of Chinese hot rolled coil in Europe has impacted Indian HRC export offers in the region. Low domestic demand for HRC in India coupled with low buying interest for Indian HRC in Europe has further pressured Indian mills to drop their offers in Europe, various sources inform Kallanish.
Despite paying duties, Chinese offers were heard at lower than Indian offers in Europe. China has recently booked HRC at $1,300-1,320/tonne cfr Antwerp (duty paid), which…
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Anonymous
Very good overview of the weekly steel market.
Anonymous