09
May
14:37
Indian HRC settles low amid seesawing market sentiment
Indian hot rolled coil prices continue to plummet on the back of weakening global demand, falling futures, and aggressive competition from Vietnam, China, and Japan.
The recent rebound in Chinese futures, however, has improved sentiment in the last two days, but the market still questions the sustainability of the improvement in the long run, sources tell Kallanish.
Because of previously weakened Chinese futures and falling Asian sentiment, European buyers have …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous