19
Oct
13:18
Indian downstream, project demand keeps HRC mills busy
Thanks to persistent demand from downstream processors, OEMs and project sales, Indian hot rolled coil producers continue to focus on domestic sales over exports. Mills are aware of export price trends and have no interest in dropping quotes when they can get better realisations in the domestic market, sources inform Kallanish.
The uptick in domestic sales is not because of the retail segment. Sentiment is riding on government-backed pipeline projects and tubemake…
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Anonymous
Very good overview of the weekly steel market.
Anonymous