With national holidays in China approaching close, trading activities have slowed down in last few days. Although export offers for commercial grade HR coil stands firm at around $510-515/t FOB Shanghai (China).
Indian importers prefer to wait and watch till Indian steel producers come out with their new price list next week.Market trades tell SteelMint that chances of steel prices going down in October is less.
Domestic offers for HR coil in Indian market firm at Rs 34,000-35,000/t (Ex Mill, $630-650/t).
Leave a Reply