India: HRC export prices to EU edge down in recent deal

India’s HRC export offers to Europe (S275, 3mm) fell by around $10-15/t w-o-w following a recent deal. Current offers are at $605-610/t CFR Antwerp ($555-560/t FOB, east coast India) against $620/t CFR Antwerp a week ago. BigMint heard a deal of around 10,000 t was concluded by an Indian steel mill at $600-605/t CFR Antwerp last week for Oct’24 shipment.


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