SteelOrbis has learned from market sources that Indian offers to Europe for S335 JR hot rolled steel plates (HRP) are standing at €600/mt ($792/mt) CFR Sagunto, Spain, while offers for S235 HRP are at €580/mt ($766/mt) CFR Sagunto.
It is also reported that there are not many hot rolled coil (HRC) offers from India to Europe, though a recent HRC cargo has been sold at €545-550/mt ($713-726/mt) CFR Spain.
In the meantime, some Indian producers are currently offering cold rolled coil (CRC) to export markets at $780-785/mt FOB.
€1= $1.32