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21 May
14:22

Weak demand, shutdowns drag India’s EU HRC exports

Indian hot and cold rolled coil export sales activity remains low due to weak demand in the European market and limited supply caused by shutdowns at several major Indian mills this quarter, Kallanish learns from sources. A trader says there is no market appetite for Indian exports at present. Another market participant adds there has been no major change since last week. However, if the Chinese market continues to inch up, overall market sentiment will likel…
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