27
Apr
15:54
India HRC export offers dive on muted sentiment
Despite dropping hot rolled coil export offers, Indian mills are heard facing very limited buying interest from EU and Gulf Cooperation Council buyers. Initial Indian export offers are not receiving counter bids from buyers, as the latter are waiting for offers to go down further, sources inform Kallanish.
Initial offers to northern Europe have dropped by $30/tonne on-week to $1,130-1,150/t cfr Antwerp, equating to $1,010-1,020/t fob India, depending on mill and p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous