01
Mar
15:27
India withdraws HRC offers amid softening European sentiment
Indian hot rolled coil producers have withdrawn their offers following fewer enquires and lower bids from European customers.
Gulf Cooperation Council buyers, having received low offers from Chinese traders and not requiring short-lead-timed material, have shunned costlier Indian quotes. Vietnam remains a low priority for Indian suppliers due to low bids and high competition from China, sources tell Kallanish.
An Indian major recently sold a bulk cargo containin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous