Indian mills hold back HRC exports offers on strong domestic demand

Indian mills were holding back their hot-rolled coil export offers because domestic prices for the commodity were still strong because of production shortfalls, Fastmarkets heard on Friday October 16.

The price of steel hot-rolled coil (commodity), export, fob main port India, was assessed by Fastmarkets at $510-515 per tonne on October 16, unchanged since last week in the absence of new export offers or transactions.

“Indian mills are not offering HRC...

Published

Suresh Nair

October 16, 2020

17:40 GMT

Mumbai