Indian mills achieve $10-20 per tonne increase in HRC export prices, correction in price likely

Indian steel mills achieved a $10-20 per tonne increase in their hot-rolled coil export prices in the week ended Friday August 14, even though inquiries have dried up for future export sales.

"The export market has cooled off and there are very few bids or inquiries for HRC exports," an official with an Indian steel mill said.

According to one market participant, buying interest from mills has reduced with buyers looking for cheaper position cargoes of HRC. At the...

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