Tag: SteelMint India HRC export index

SteelMint: India HRC export index falls further on limited overseas demand

Nov 30, 2021

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by

Kalpesh Padhiar

in HRC

The HRC export index declined this week by $15/t with a few Indian mills quoting lower in the Vietnamese market alongside a downtrend in global offers. SteelMint’s India HRC (SAE1006) export index dropped to $800/t FOB east coast. Meanwhile, demand from major importing countries continued to remain low. Rationale: Seven indicative prices were considered as…