Tag: export offers

Indian HRC export offers have declined on slack demand. Market participants have reported that 40,000–50,000 MT HRC has been booked by Indian suppliers for Vietnam at around USD 505/MT CFR last week. Freight charges for 20,000 MT  are around USD 10-12/MT which means FOB value  will be USD 490-495/MT. Although, Indian steel-makers remained distressed amid…