20
Jun
16:24
Indian HRC gains on strengthening euro, Europe deals
Following a brief uptick in Chinese futures and the strengthening of the euro versus the dollar, Indian mills’ hot rolled coil prices have gained on recent deals in Europe.
Indian offers also thereafter increased in the Gulf Cooperation Council, but buyers, amid the availability of cheaper options, shunned the hiked Indian quotes, meaning no deals were concluded in the GCC, Kallanish notes.
According to sources, Indian mills sold around 20,000-25,000 tonnes…
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