13
Jul
15:03
Indian HRC sees limited enquiries amid global slowdown
Following rising inflation in the US and Europe, enquiries for downstream flat products are seen dropping, thereby significantly reducing demand for hot rolled coil. The situation is subduing activity in the Gulf Cooperation Council, Vietnam, and to some extent Europe, where downstream producers are not getting many export enquiries and thus not booking HRC.
Moreover, after Formosa’s price announcement, Vietnamese buyers are seen waiting for Hoa Phat to rele…
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Anonymous
Very good overview of the weekly steel market.
Anonymous