08
Jun
16:05
Indian alloy HRC struggles to find firm buyers
The 15% duty imposition on hot-rolled coil exports by the finance ministry has put the brakes on Indian HRC exports. Despite lowering offers, the Indian mills are unsuccessful at selling alloy-added HRC in the global market, as buyers are hesitant to book any cargo amid prevailing sluggish steel demand, Kallanish notes.
“We are only seeing offers being made from the Indian mills, but it is not translating into deals,” says a senior trading source. &ldq…
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