UTC+8 ( BJT)

Slow overseas demand pulls down India's HRC FoB index

ABSTRACT

Demand in the overseas market continued to remain weak, pulling down India’s HRC FoB index by $23/tonne (t) w-o-w. SteelMint’s India HRC export index stood at $879/t FoB east-coast basis against the previous week’s $902/t FoB India.
The Vietnamese market remains inclined towards the more competitive offers from other exporting countries, whereas trade has slowed down a bit in the Middle East region. Also, Covid-19 concerns in the Far East are affecting trade as well. These factors have collectively weighed on the HRC export offers from India. “The

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