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India: HRC export offers to EU drop w-o-w amid euro parity concerns

Source: BigMint Apr 30, 2025 11:30

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Market sluggish on unfavourable euro-dollar parity. Chinese offers to ME market drop by $5/t w-o-w.

Indian mills have decreased their HRC (S275) FOB offers with the current one hovering at $585-590/t main port India (destination EU). Moreover, the current sluggishness in exports is attributed to unfavourable euro-dollar parity, sources informed Bigmint. In addition, trade activities in the region remained limited as European (EU) buyers

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