Indian HRC export index up over bullish global market
Apr 22, 2021 08:30
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SteelMint’s Indian HRC (SAE 1006) export index stands at $936/t FoB East-coast basis, up by $9/t w-o-w against $927/t FoB basis. Indian steelmakers continue to keep HRC export offers higher following an uptrend in domestic steel prices and global cues. Hike in Chinese steel futures and robust demand at increased offers from Middle East & Vietnam have kept Indian HRC export market sentiments supported.
The recent HRC export offers by Indian mills are as below:
HRC export offers are at $940-950/t CFR Vietnam for May end – June shipments.
HRC export offers stood around $990-1000/t CFR Middle East for May end June shipments.
HRC export price indications for Europe are at $1050/t CFR for Jun shipments.