Current flats export offers given by Indian producers to Europe are as follows:
Producer |
Product |
Price offer |
Bid Level |
Shree |
0.5 mm 100 gr/m² HDG |
€490/mt |
€450-460/mt |
Shree |
0.5 mm PPGI |
€590/mt |
€560/mt |
Uttam |
0.5 mm 100 gr/m² HDG |
€510-520/mt |
€460-470/mt |
Uttam |
0.4 mm PPGI |
€670/mt |
€610/mt |
NSAI* |
0.4 mm 120 gr/m² HDG |
€550/mt |
€510/mt |
NSAI* |
0.4 mm PPGI |
€640/mt |
€600/mt |
*NSAI: National Steel Agro Industries
All prices are for July/August shipments, on CFR Antwerp basis and also excluding taxes. Indian mills are experiencing difficulties in conclude HDG deals in the EU market due to the competitive positioning of European mills. Moreover, Indian origin flats offers are not at acceptable levels for the European market, as importing from distant markets is still risky for the Europeans given the uncertainty surrounding the price trend in the short term.