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Home Steel News Indian steel mills hike HRC export prices
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Indian steel mills hike HRC export prices

23 Sep 2011 16:36 reported by Ben Gu

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It’s reported that Indian steel mills hiked the export quotes of hot rolled coil (HRC) to US$720~US$730/ton FOB from US$710~US$715/ton FOB in two weeks earlier.

However, there is no deal made so far as the European and Mid-East buyers have taken hesitated attitude toward the market.

An Indian steelmaker said that it has been forced to raise HRC export quotes due to sharply rising input costs.

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