SteelMint

Tag: Indian HRC export price indications to UAE drop by $20/t w-o-w

  • Indian HRC export price indications to UAE drop by $20/t w-o-w

    Indian HRC export price indications to UAE drop by $20/t w-o-w

    —

    by

    Kalpesh Padhiar
    in

    The Indian HRC (SAE1006) export price indications to UAE market witnessed a decline of $10-20/t weighed down by increased competition from China and lower bids by the buyers amidst cheaper offers from local stockists. Current week offers stand around $980-1,000/t CFR from India whereas those from China around $950-970/t CFR, SteelMint learned from credible sources.…