Tag: SteelMint: Indian HRC export market subdued as mills hold back offers during festive season

SteelMint’s India HRC (SAE1006, boron-added) export index remained rangebound at $573/t FOB east coast India. The ongoing festive season of Diwali has continued to keep the market quiet with the majority of the mills remaining out of the export market and industry participants awaiting fresh round of offers for December-January shipments. Rationale: Thirteen indicative prices…