Tag: steelmint hrc index

SteelMint’s Indian HRC (SAE 1006) export index stands at $890/t FoB East-coast basis, up by $63 w-o-w against $827/t FoB. Continued uncertainties on Chinese export rebate tax along with the increased preference of Vietnam re-rollers for Indian origin HRC lead to a steep hike in the nation’s HRC export offers. Higher price realizations in exports…