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19 Mar
12:28

Indian HRC export, domestic demand remains soft

Indian hot and cold rolled coil export market activity is still very quiet in the European market as general demand remains low and as prices fall further, sources tell Kallanish. "Customers are waiting on the sidelines as prices are falling” in hopes that prices will fall further, one source notes. High inventories, high quota and general low demand are the main factors for the sluggish market sentiment. Prices are close to bottoming out, the source ad…
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