Author: Sakeena Rizvi

BigMint: India HRC export index remains stable in absence of active trade

Mar 27, 2024

—

by

Sakeena Rizvi

in HRC

Chinese SHFE HRC futures down RMB 54 ($8) w-o-w Buying inquiries low amid festive holidays BigMint’s India HRC (SAE 1006) export index (for the Middle East and Vietnam) remained stable at around $575/t FOB east coast India. The holy month of Ramadan in the Middle East (ME) and Easter holidays in Europe have kept market…