UTC+8 ( BJT)

Global HRC prices supported by bullish sentiments

A west India-based private steel manufacturer concluded an export deal to UAE at a significantly higher price this week, prompting other producers to lift export offers.
The company booked around 26,000 t of HRC on Sunday to the UAE at $525-530/t CFR basis for Sep loading, sources told SteelMint. Indian HRC export offers have increased by $17/t this week after conclusion of the UAE deal. The West Indian company is offering HRC to Vietnam at $520/t CFR basis

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