Sources inform SteelOrbis that Indian export offers for HRC (2.5mm – 8mm) are presently at $620-625/mt FOB India for Vietnam buyers.
According to a source, Indian HRC offers were at approximately $600/mt FOB India in September, declined through October and November. In November prices declined to about $560/mt FOB India. Since then prices have generally maintained an upward trend with recent increases of $15-20/mt on March delivery offers taking prices to the $620-625/mt FOB India level.