Author: Shruti Tripathi
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India: HRC export offers to EU drop w-o-w amid euro parity concerns
market sluggish on unfavourable euro-dollar parity Chinese offers to ME market drop by $5/t w-o-w Indian mills have decreased their HRC (S275) FOB offers with the current one hovering at $585-590/t main port India (destination EU). Moreover, “the current sluggishness in exports is attributed to unfavourable euro-dollar parity”, sources informed Bigmint. In addition, trade activities…