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17 Oct

Indian HRC demand remains firm amid global struggles

Amid sluggishness in Southeast Asia and the European steel market, Indian hot rolled coil producers are seeing better offtake in their domestic market. As a result, for 2-3 months, Indian HRC producers have refrained from exporting. Moreover, Vietnam and China-based mills are yet to receive the Bureau of Indian Standards (BIS) certificate extension to export steel to India, meaning a drop in imports from these nations is anticipated. However, the arrival of previ…
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