Author: Sakeena Rizvi
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BigMint: India HRC export market quiet, offers to EU fall w-o-w
BigMint’s India HRC (SAE 1006) export index (for the Middle East and Vietnam) remained stable w-o-w at $597/tonne (t) FOB east coast India. Export offers to the Middle East remained unchanged w-o-w, ranging from $630-635/t CFR. However, offers to Europe dropped amid sluggish domestic demand in the EU. In addition, China’s Shanghai Futures Exchange experienced…