Volumes to the European Union (EU) were the highest amongst all the key export destinations, these dropped a substantial 38% m-o-m drop to 0.19 mnt in July compared to 0.31 mnt in June. But these were previous inventories which got shipped in July. In any case, there was low acceptance for boron-added hot rolled coils (HRCs). Exports to Vietnam dropped 37% to 38,182 tonnes (t) against 60,159 t in the previous month due to lower downstream demand and cost-effective offers from China.
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