Steel mills in India reduced the price of hot rolled coil exports to Southeast Asia by as much as $50 per tonne in the week to Friday June 25, with official offers down to $940-950 per tonne fob Indian ports.
According to market participants, however, buyers in Southeast Asia are considering HRC prices closer to $880-890 per tonne fob Indian ports for mid-July- August shipment.Fastmarkets' price assessment for steel hot-rolled coil (commodity) export, fob main port India...