Tag: Domestic HRC Prices vs export realisations
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How Exports are Influencing Indian Domestic HRC Prices?
Indian mills reported to have increased HRC offers by upto INR 750/t ($10.5) for November deliveries. Market participants feel this hike is largely supported on optimism seen in export market rather than improvement in domestic demand. SteelMint analyse why Indian HRC prices are so influenced by export market these days. Why hike? SteelMint checked from…