31
Aug
15:30
Indian HRC freezes, quotes withdrawn on hike anticipation
After ArcelorMittal’s recent hot rolled coil price hike announcement in Europe, Indian mills are mulling increasing their offers, pointing to a bullish sentiment developing in the global market. The mills have reportedly withdrawn all their existing offers to the Gulf Cooperation Council, Vietnam and other markets, sources inform Kallanish.
Earlier this week, initial quotes for 2mm+ SAE 1006 Indian HRC were noted stable at $640-650/tonne cfr GCC, equating to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous