13
Apr
16:23
Indian HRC mills slash quotes to secure deals
Subdued European buying sentiment and lacklustre Indian domestic demand have made Indian mills drop hot rolled coil export offers this week. Lower quotes have nevertheless enabled Indian mills to close deals in regular market the Gulf Cooperation Council, sources inform Kallanish.
Initial offers for bulk quantities to Europe have dropped to $1,180-1,200/tonne cfr Europe, equating to $1,060-1,080/t fob India, depending on mill and port of origin. However, deals are…
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Anonymous
Very good overview of the weekly steel market.
Anonymous