Indian hot-rolled coil export prices have fallen by about $5-10 per tonne in the past week with mills having begun to sell material to China and South-East Asian countries while domestic market conditions remained gloomy because of a nationwide lockdown.
The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $375-385 per tonne on April 24, down by $5-10 per tonne from $385-390 per tonne on April 17."Most Indian mills are trying to export about half their month's production...