India's HRC price rebounds
Time:Fri, 08 Oct 2021 09:24:19 +0800
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The HRC price in India rebounded this week, with an increase of about US$6/ton, getting rid of a downturn in the past month.
Indian domestic market has gradually recovered with active replenishment of inventory, which indirectly drives the export price up. However, China's long holiday will end this week, and most buyers are currently holding a wait-and-see attitude.
Therefore, major suppliers from Japan, South Korea, Ukraine, and Kazakhstan have also suspended their offers, and the market trend will be clearer next week.
On the other hand, the HRC price of the Commonwealth of Independent States was still weak, with a weekly decline of 4.1% to 6.6%.
