Tag: Indian CRC export prices to EU decline by $5/t w-o-w

Indian CRC export offers to Europe (EU) declined by $5/t w-o-w for the week to $770-780/t CFR ($720-735/t FOB east-coast India). Even though market prices have fallen considerably, the buying activity remained sluggish. Many buyers are holding off on restocking their inventories, according to industry sources. Indian mills are still eyeing $775-785/t CFR EU levels…