SteelMint

Tag: HRC Fob Index

  • SteelMint: Indian HRC export index rises by $12 on strong demand

    SteelMint: Indian HRC export index rises by $12 on strong demand

    —

    by

    Pratibha Bajaj
    in

    SteelMint’s Indian HRC (SAE 1006) export index witnessed a considerable increase of $12/t w-o-w and stands at a $607/t FoB basis. A steep hike in Chinese export offers on strong futures resulted in bullish sentiments in global prices following which Indian steel mills also raised their export offers. Another reason attributed to higher export offers…