05
Apr
13:56
Weak buyer sentiment drags India HRC export activity
Indian hot rolled and cold rolled coil export activity to the European market remains subdued due mainly to weak buyer sentiment, market sources tell Kallanish.
One participant says: “Buyers are not coming forward with any buying interest. We are still $20-30/tonne apart vis-à-vis what the market wants.” Sources cite EU safeguard quota risk and high inventories as other factors causing the dull activity.
The EU second-quarter quota is expe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous