Current flats export offers given by Indian producers to Europe are as follows:
Producer |
Product |
Specification |
Price |
Bhushan |
HDG |
0.4 mm 100 gr/m² |
$670/mt CFR Europe |
Uttam |
HDG |
0.3 mm 100 gr/m² |
|
Uttam |
HDG |
0.4 mm 100 gr/m² |
|
Uttam |
PPGI |
0.4 mm |
$800/mt CFR Europe |
1.0 mm |
$500/mt FOB Mumbai |
||
HDG |
0.3 mm 120 gr/m² |
$650-660/mt CFR Europe |
|
HDG |
0.4 mm 120 gr/m² |
$630-640/mt CFR Europe |
|
PPGI |
0.4 mm |
$780/mt CFR Europe |
|
HRC (base) |
- |
$425/mt FOB India |
|
Essar |
HDG |
0.4-0.5 mm 120 gr/m² |
$540/mt FOB Mumbai |
Shree |
PPGI |
0.4 mm |
$820/mt CFR Europe |
All prices are for May shipments. It is seen that Indian origin flats offers are not at acceptable levels for the European markets. Meanwhile, importing has become more risky in Europe, where lead times have decreased to four-to six weeks for flat products and where unforeseeable exchange rate fluctuations have been observed.