Tag: HRC export price indications from India to UAE drop further by $20/t w-o-w

Imported HRC market in UAE slowed down this week. Indian mills have withdrawn from the overseas markets after the announcement of export duty @ 15% on finished steel products, including HRCs, on Saturday 21 May. A deal of 6,000-7,000 t of Indian-origin HRC at $860-870/t CFR, was concluded in the middle of last week.“The market…