India HRC FoB Index up on global cues and market gains
Jan 07, 2021 10:00
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Indian mills remain less active in exports on higher domestic realizations. Mills have raised domestic HRC prices by around INR 2,000/t this week. Chinese mills resume HRC export offers, market awaits clarity
Indian HRC (SAE 1006) export index increased by around $45/t on a
weekly basis and stood at $785/t FoB basis against $740/t? last week.
are eyeing for export offers mainly to UAE at around $800-820/t CFR
basis. However no major deals booked since Chinese mills are offering