Indian HRC exporters have kept their offers unchanged this week. Some trades have been reported recently to Europe and South East Asian market.
Current offers for HRC SJ235 grade assessed at USD 510-520/MT FoB India .
Some trade heard being settled at around USD 515-520/MT FoB for European market and around USD 505-510/MT FoB for South East Asian market for Feb/Mar delivery.
Global HRC prices remain volatile this week. News of Price cut in Chinese market gives some hope to market.
But some traders believe that it will have limited impact on prices as actual production remains same.
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