06
Jun
16:00
India HRC offers drop amid lacklustre European demand
Falling global hot rolled coil prices coupled with lacklustre demand in Europe and other major markets have softened sentiment for Indian HRC.
Indian domestic demand, meanwhile, continues to attract low-priced HRC from Vietnam and China, further impacting Indian mills’ domestic position. Indian steelmakers have consequently dropped their offers for both domestic and export markets, sources tell Kallanish.
Following a deal for 10,000-15,000 tonnes of structu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous