Author: BigMint Technologies Pvt Ltd

Indian HRC exporters have raised export offers by USD 5/MT despite less buying interest. Indian Hot Rolled Coil (HRC) prices of 2.5 mm have moved up to USD 400/MT, FoB India, which was around USD 390-395/MT, FoB last week. Market traders don’t see any reason behind this hike. However, manufacturers are hopeful of stronger domestic…