UTC+8 ( BJT)

SteelMint HRC export index up $10/t following global trend

SteelMint's weekly HRC (SAE 1006) FOB India price index increased by $10/t at $512/t FOB India. Last week the FOB India price index stood at a $502/t FOB basis.
Major exporting nations– China, Japan, South Korea, and India have raised HRC offers by around $5-10/t. Meanwhile, in India few mills are likely to undergo maintenance shutdown which may keep supplies tight in the near term. This resulted in an increase in the nation’s HRC export offers. The index has been calculated

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227