10
Aug
15:19
India eyes HRC price hikes on costlier production
After consecutive drops in quotes, most Indian mills now aim to hike offers for hot rolled coils, mainly on the back of increased production costs. Mills are producing coke using coking coal procured in the past at a very high average price of $600/tonne cfr India, thereby squeezing current margins.
Despite limited demand in Europe, Turkey, and Vietnam, Indian mills are hesitant to drop offers any further, sources tell Kallanish.
This hike attempt also follows ba…
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Anonymous
Very good overview of the weekly steel market.
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