11
May
15:32
Indian HRC plunges further, offers return to Vietnam
Deteriorating global and domestic market sentiment has forced Indian mills to decrease hot rolled coil quotes further, but this has still not spurred counter-bids from buyers.
Bids from European and Turkish buyers are nowhere close to matching Indian offers, owing to which buyers are heard withdrawing from negotiations well before deal conclusion, sources inform Kallanish.
To counter the sluggish demand amid high competition, Indian mills have dropped their initi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous