UTC+8 ( BJT)

Slow overseas demand pulls down India's HRC FoB index


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


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

+65 6653 8227