Tag: Indian HRC export index continue to increase

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…