Tag: SteelMint HRC export index

India: SteelMint HRC export index increases sharply by $68/t on higher Chinese offers

May 11, 2021

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by

Pratibha Bajaj

in HRC

SteelMint’s Indian HRC (SAE 1006) export index stands at $1,038/tonne (t) FoB east-coast basis, up $68/t week-on-week (w-o-w) against $970/t FoB. Indian mills have sharply raised HRC export offers to $1,070-1,080/t CFR for Vietnam. Deals concluded: A private steel-maker based in western India is heard to have booked around 10,000 t HRC yesterday to Vietnam…