UTC+8 ( BJT)

Weekly: Global HRC and CRC offers increase by $20-30

Indian steel mills raise HRC export offers - Indian mills have raised HRC export offers by around $20/t w-o-w for Sept shipments. Offers for HRC (SAE1006) exports were at $505-510/t CFR Vietnam against offers of $485/t CFR last week.
An increase in Chinese futures and an uptrend in India's domestic prices propelled mills to increase overseas offers. Chinese mills raise HRC export offers Chinese steel manufacturers have raised their export offers by $15-25/t on higher prices and low inventories in the domestic market. Current HRC export offers were at $ 490-505/t FOB

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