UTC+8 ( BJT)

India: HRC export index falls $25/t as demand wanes

ABSTRACT

Indian HRC export offers fell by about $25/tonne (t) this week with buyers turning observant in key markets. Decline in global HRC offers have weighed on buying sentiments. SteelMint's HRC export index stands at around $815/t FOB east coast India.
  Rationale: Seven indicative prices were considered as T2 inputs while no major export deals were reported as T1. The final price was an average of T1 and T2 inputs which stood at $815/t FOB. The CFR prices were converted to FOB equivalent by deducting freight costs from the buyer/seller.   Reasons weighing down

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