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07 Mar

India mulls hiking HRC, downstream flat steel offers

After a pause of 10-12 days, Indian mills have started indicating offers for downstream flat steel products in the European and Turkish markets. Mills are yet to reveal quotes for hot rolled coil, but the market anticipates HRC prices to rise on the back of the downstream coil indications, sources tell Kallanish. According to sources, one Indian mill sold small lots of special grades of HRC at $820-825/tonne cfr Antwerp. “This is a special grade of HRC, and …
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