Indian HRC export prices down by $25 per tonne in a week

The price of India-origin hot-rolled coil for export in the week ended Friday October 25 was down by $25 per tonne following aggressive price cuts by local mills in the wake of short-selling of the commodity in the Southeast Asian markets.

The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $400-405 per tonne on Friday, down from last week’s assessment at $425-430 per tonne fob. “Some Indian mills are now out of...

Published

Suresh Nair

October 25, 2019

19:22 GMT

Mumbai