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19 Sep

Indian HRC demand firm, market anticipates further hike

Amid slow hot rolled coil demand globally, following aggressive export bookings by Chinese mills, Indian mills do not find the export market lucrative. Meanwhile, in the Indian domestic market, demand is still good, so HRC producers are shifting the majority of their allocations to cater to local demand. As a result, no major export transactions have been made this week, sources tell Kallanish. "Demand in India is good ... As a result, Indian mills see good…
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