Tag: Indian HRC exports offers continue to hold amid Chinese competitive offers
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Indian HRC export offers on hold amid competition from China, sluggish demand
Indian steel mills are holding back on hot-rolled coil (HRC) exports to Southeast Asia and the Middle East due to intense competition from China and sluggish domestic demand in these regions. Additionally, European buyers are showing caution amid summer. Market updates 1.ME imported HRC offers remain range-bound w-o-w: HRC prices from China to the Middle…