Tag: India’s HRC FoB index

SteelMint: India’s HRC FoB index falls further on muted overseas demand

Aug 24, 2021

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by

Kalpesh Padhiar

in HRC

The absence of active trade deals amid dull demand in the global market led to a fall of $9/tonne (t) in India’s HRC FoB index this week. SteelMint’s India HRC export index stood at $902/tonne (t) FoB east-coast basis against the previous week’s $911/t FoB India. Factors weighing on offers a) Vietnam is under lockdown…