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22 Mar

Indian HRC, CRC remain firm despite Europe uncertainty

Credit Suisse’s woes coupled with narrowing downstream steel demand have made European importers cautious, thereby reducing intake at many European service centres. Amid hot rolled coil price hikes by domestic mills, however, Indian HRC quotes, which offer short lead times, are being accepted in the region, sources tell Kallanish. According to a market participant, Indian HRC and cold rolled coil offers are noted stable on-week at $830-835/tonne cfr Antwerp …
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