Tag: HRC trades

SteelMint: Indian HRC export index continues to increase on higher global prices

Apr 13, 2021

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by

Pratibha Bajaj

in HRC

SteelMint’s Indian HRC (SAE 1006) export index stands at $927/t FoB East-coast basis, up by $37/t w-o-w against $890/t FoB basis. Increased preference for Indian HRC cargoes amid uncertainties on Chinese export rebate cuts has favoured Indian mills to raise offers. Indian steelmakers continue to keep HRC export offers higher following an uptrend in domestic…