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29 Aug

India prefers downstream HRC sales over export

Limited allocations for exports amid sluggish global sentiments and a comparatively better-paying domestic Indian market have pushed Indian hot-rolled coil producers to shift their allocations to the domestic market. As a result of this, Indian mills prevailed in offering limited upstream products for exports and increasing captive consumption to produce downstream products to sell in domestic and export markets, sources tell Kallanish. A few sources also opine t…
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