Indian HRC export prices down by $5 per tonne in aggressive short-selling

Indian steel mills are aggressively cutting their prices to increase export sales of hot-rolled coil with domestic demand for the commodity remaining weak, Fastmarkets heard on Friday October 11.

HRC export prices from India have fallen by $5 per tonne in the current week while market participants were expecting further falls because traders were short-selling HRC aggressively in the Southeast Asian markets.

The price of steel HRC...


Suresh Nair

October 11, 2019

17:02 GMT