As per sources, Indian steel makers have reduced HRC export offers further this week by USD 5-10/MT, W-o-W. Despite reduction in export offers, buying interest from overseas buyers continues to remain thin.
For South East Asian nations, Indian HRC export offers are around USD 475-480/MT, FoB India. However contracted price may be up to USD 470/MT, FoB India.
While for Europe, HRC export offers are around USD 480-490/MT, FoB India which is equivalent to USD 520-530/MT, CFR Europe.
Last week HRC export offers from India were heard at USD 475/MT, FoB India for South East Asian nations and USD 490/MT, FoB India for Europe.
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