Major Indian steelmaker have raised HRC export offers this week by USD 15-20/MT W-o-W in the wake of higher export offers witnessed in China. Rising global prices along with active buying among overseas buyers has lead to increase in export offers from India.
Currently HRC export offers are hovering in range of USD 500-505/MT,FoB India. Last week the offers were in range of USD 485-490/MT on FoB basis.
Indian HRC export offers stands at USD 515-520/MT, CFR South East Asian nations. Bookings are likely to happen in the prevailing prices.
Since Chinese HRC export offers have surged by USD 45-50/MT in last five consecutive weeks amid gains in domestic market which has propelled the Indian exporters to quote higher export offers.
Global HRC export offers
| Particulars | Prices in USD/MT |
| FoB China | 475-485 |
| FoB India | 500-505 |
| FoB Japan | 500 |
| FoB South Korea | 490 |
| FoB Black Sea |
455-460 |
Source-SteelMint Research
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