Tag: Indian HRC export index

SteelMint: Steep drop in offers to UAE pulls down Indian HRC export index by $50/t

May 10, 2022

—

by

Kalpesh Padhiar

in HRC

SteelMint’s India HRC export index further by $50/t w-o-w Increased competition from Asian mills, low buying interest in Middle East weigh on offers. Absence of firm bids in the European market amid subdued demand. Appreciation of dollar against other currencies weighs on buying interest. SteelMint’s India HRC export index dropped to $860/t FOB east coast…