Current flats export offers given by Indian producers to Europe are as follows:
Producer |
Product |
Specification |
Price |
Change in two weeks($/mt) |
Bhushan |
HDG |
0.4 mm 100 gr/m² |
$660/mt CFR Europe |
-10 |
Uttam |
HDG |
0.4 mm 100 gr/m² |
- |
|
Uttam |
PPGI |
0.4 mm |
$750-760/mt CFR Europe |
-45 |
- |
$480/mt FOB Mumbai |
+55 |
||
1.0 mm |
$525/mt FOB Mumbai |
+25 |
||
HDG |
0.4 mm 120 gr/m² |
$600-610/mt CFR Europe |
-30 |
|
PPGI |
0.4 mm |
$790-795/mt CFR Eastern Europe |
+10 |
|
Essar |
HDG |
0.3 mm 140 gr/m² |
$580-585/mt FOB Mumbai |
- |
Essar |
HDG |
0.4-0.5 mm 120 gr/m² |
$540/mt FOB Mumbai |
- |
Shree |
PPGI |
0.4 mm |
$760/mt CFR Europe |
-60 |
- |
$440-450/mt FOB Mumbai |
- |
||
Commercial plate |
- |
$450-460/mt FOB Mumbai |
- |
All prices are for May shipments and also exclude taxes. As for Jindal's HRC offers, no booking has been heard due to the cheaper Black Sea offers in the international markets. 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. In general, Indian producers have been focusing their attention on their local market, which has been showing a slightly better performance compared to the export markets.