Global HRC prices
remain firm but sentiments in the physical market remain cautiously bearish.
However, the there are a number of buyers at lower levels on the paper market
suggesting that perhaps sentiment is turning slightly more positive.
In the US HRC
market, there were a number of trades seen in the market following from the decent
volume concluded on Friday, with 36,000 tons , trading at around $684-690/MT
The European HRC paper
market witnessed traded at €531/MT and there were a number of buyers at lower
levels.
In the Indian Market, prices remained unchanged. The primary players are said to go for a next
price revision on 2nd of March. Market players expect a upward revision in prices as
demand looks good.
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