SteelOrbis has learned from market sources that a major Indian steel producer has concluded a transaction for 25,000 mt of April production hot rolled coil (
HRC) to the European market at €555-560/mt ($792-799/mt) CFR Antwerp for May shipment.
SteelOrbis has further learned that the same producer has also sold 25,000 mt of April production hot rolled
plate (HRP) to the Portuguese market at €610/mt ($871/mt) CFR Setúbal, also for May shipment.
€1 = $1.427