Indian HRC offers to Europe to exceed $1,000 per tonne cfr

Indian steel mills were likely to offer hot-rolled coil for export to Europe in the week beginning April 5 at prices exceeding $1,000 per tonne cfr, Fastmarkets heard on Wednesday March 31.

“Indian mills are waiting until next week to offer HRC to European customers, targeting prices of more than $1,000 per tonne cfr European ports,” one market participant said.

An official from a major HRC exporting mill confirmed that offers to European customers, to...


Suresh Nair

March 31, 2021

18:30 GMT