Tag: Indian mills hold HRC export offers

Indian mills hold HRC export offers on rising futures in China

Jul 10, 2020

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by

Kalpesh Padhiar

in HRC

Indian mills are reportedly holding export offers of HRC for the coming week as steel futures rose sharply in China, SteelMint learned from its channels. Buying interest from traders was gauged at $445-450/t CFR China. However mills prefer to wait. Notably,Chinese HRC futures rose by 3% and settled at RMB 3,706/t till 9th Jul’20.