Indian mills' HRC offer prices meet with much lower bids

Indian mills were receiving significantly lower bids for their exports of hot-rolled coil with Chinese mills having cut their HRC export prices, Fastmarkets heard on Friday September 11.

“Chinese mills have dropped their HRC export offers, particularly for Southeast Asian destinations,” one market participant said. “Indian mills will have to drastically cut their offer prices to stay relevant in the market.”

While Indian mills were offering HRC for export to Southeast Asia in the range of $540-545 per...

Published

Suresh Nair

September 11, 2020

18:08 GMT

Mumbai