26
Apr
14:46
Indian HRC offers plummet amid deteriorating global sentiment
The softening global market amid falling Chinese futures has deteriorated booking sentiment around the world. Hot rolled coil buyers are holding their purchases and expect sellers, including Indian mills, to drop their offers, sources tell Kallanish.
Indian mills, after recently reducing quotes, are keeping them firm; however, sources believe mills will ultimately drop further due to low bookings for May and June shipments.
According to sources, offers for small-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous