Amid rise in Chinese HRC export offers, HRC export offers from India have strengthened by USD 10/MT W-o-W.
Indian HRC export offers which were heard at USD 490-495/MT, FoB India last week have increased and are presently assessed at USD 500-505/MT, FoB India.
Thus Indian HRC export offers to Vietnam will stand at USD 515/MT, CFR Vietnam.
Although not much deals have been concluded at increased price levels, but trade sources are hopeful that deals may start getting concluded if prevailing positive sentiments in Chinese market sustains.
Chinese HRC Export offers up by USD 5/MT W-o-W
Demand pick up and hike in domestic HRC prices has resulted in increase in Chinese HRC export offers. Offers have moved up by USD 5/MT W-o-W. Presently Chinese HRC export offers are at USD 500-505/MT, FoB China.
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