Author: Kalpesh Padhiar
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Slow buying, increased competition weigh on SteelMint India HRC export index
SteelMint’s India HRC export index drops steeply by $70/t w-o-w Buyers in UAE lower bids below $950/t CFR basis European market remains mute for most of the previous week over Easter holidays SteelMint’s India HRC export index dropped to $940/t FOB east contrasted against the previous week’s $1,010/t FOB level. Market-wise highlights: 1. Vietnamese end-users…