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23 Jul
13:35

Reduced Italy, Spain buying slashes Indian HRC exports

Indian exports of HS code heading 7208 products – hot rolled flats – slumped -52% on-year in May to 151,881 tonnes due to much-reduced buying from Italy and Spain, according to Indian commerce ministry data monitored by Kallanish. Although Nepal increased intake 53% to 46,038t, Italy reduced intake -62% to 44,865t and Spain bought -44% less at 17,933t. Nevertheless, Belgium’s intake rose 63% to 11,457t and France took in 6,206t versus zero last…
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