Tag: Indian HRC export index continue to increase
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SteelMint:Indian HRC export index continues to rally on global cues
SteelMint’s Indian HRC (SAE 1006) export index stands at $970/t FoB East-coast basis, up by $20/t w-o-w against $950/t FoB basis. Indian mills have lifted HRC export offers to $1,000-1,020/t CFR basis for Vietnam. Limited trades were reported due to holidays in Vietnam. Rationale: Ten indicative prices were considered as T2 inputs at an average…