08
Aug
15:52
India prioritises domestic HRC market amid limited allocations
Indian hot rolled coil producers are aiming to prioritise the domestic market over exports amid limited allocations for August and September shipments following production losses incurred in July.
Bids from foreign buyers have also plummeted after Chinese futures dropped, which has in turn made the domestic market more favourable for Indian mills.
Furthermore, Indian companies have to fulfil the backlog of commitments in the domestic market, meaning the majority…
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Anonymous
Very good overview of the weekly steel market.
Anonymous