Tag: India: BigMint HRC export index falls to 7-month low in absence of active trades

BigMint’s India HRC (SAE 1006) export index (for the Middle East and Vietnam) dropped by $15/tonne (t) to $575 FOB east coast India against $590/t FOB last week. The index has fallen to a seven-month low as these levels were last seen in end August 2023. Offers fell amid the drop in Chinese quotes and…