Despite recent reports of domestic HRC prices in India facing supply pressures, sources inform SteelOrbis that HRC export offers continue on an upward trend on limited material for the export markets. However, sources say that if the domestic market is unable to sustain the domestic volume, some of that domestic volume may be released for export, thereby dampening prices slightly in the near future.
HRC export offers from Indian are reportedly at $645-660/mt FOB India.