UTC+8 ( BJT)

SteelMint HRC export index down on less buying interest

ABSTRACT

SteelMint’s Indian HRC (SAE 1006) export index stands at $1,030/tonne (t) FoB east-coast basis, down by $14/t against $1,044/t FoB week-on-week (w-o-w).
The absence of buying interest among Vietnam re-rollers for Indian-origin HRC resulted in a drop in export offers. Thus, major steel mills have held on to their HRC export offers and are in a wait- and watch mode. Meanwhile, Indian mills have also shifted their interest to domestic sales due to

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