Tag: Indian HRC Fob Index

SteelMint: Indian HRC export index drops by $12/t w-o-w on lower bids

Sep 29, 2020

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by

Pratibha Bajaj

in HRC

SteelMint’s weekly HRC (SAE 1006) FoB India price index dropped by $12/t this week and stands at $513/t. Softening Chinese, Russian HRC export offers and lowering bids from importers have resulted to fall in the HRC index this week. “Indian mills are less likely to lower export offers significantly amid higher domestic realizations. Also, they…