India: Steel mills raise HRC export offers by $50/t to EU post-holidays

Indian steel mills raised HRC (S275) export offers by $45-$50/t to $720-725/t CFR Antwerp compared to $670-680/t CFR, seen a couple of weeks back. The rise in global HRC offers and the expectation of an improved restocking demand in near-term in Europe has led to an increase in offers. However, the market remained inactive over the past couple of weeks amid New Year holidays.