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03 Oct

Indian domestic HRC hikes, exports remain subdued

Indian mills have raised their hot rolled coil quotes in the domestic market on the back of an increase in raw material prices, Kallanish notes. Furthermore, domestic demand is also good in India, and China is off for the Golden Week holiday, meaning Chinese HRC pressure on Indian producers is suspended for now. “Indian mills are enjoying their strong position in the domestic market, as their order book is full and they have no materials to offer for export…
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