Tag: Opening of LCs an issue amid upcoming holidays

SteelMint’s India HRC (SAE1006) export index dropped further by $23/tonne (t) to $750/t FOB east coast, as buying interest in the overseas market continues to remain low with the approaching Christmas and New year holidays turning buyers less active. Offers heard for the Vietnamese market were around $770-790/t CFR, lower by $10-20/t w-o-w. However, indications…