23
Aug
14:12
Indian HRC offers freeze amid low export enquiries
Indian mills last week hiked their offers on the back of deal conclusions in the Middle East and Southeast Asian region. This week, offers are noted as stable on-week on limited buying interest from overseas buyers. Mills are seen focusing on the domestic market, while some have begun hot strip mill planned maintenance shutdowns, Kallanish notes.
After huge bookings in the Gulf Cooperate Council, initial quotes for 2mm+ SAE 1006 HRC are heard at $640-650/tonne cfr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous