Indian mills hike HRC export prices by up to $30 per tonne

Indian mills increased their hot-rolled coil export prices by as much as $30 per per tonne in the week to Friday July 17, because buyers in Southeast Asia are desperate for supplies to meet rising demand, sources told Fastmarkets.

Fastmarkets price assessment for steel hot-rolled coil (commodity) export, fob main port India, was 450-455 per tonne on 17July, up by 20-30 per tonne from last week’s $420-435 per tonne fob. 

“Indian mills have been...

Published

Suresh Nair

July 17, 2020

19:52 GMT

Mumbai