India's HRC export price expected to continue to rise
Time:Fri, 20 Jan 2023 07:29:57 +0800
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The market expected that the quotations of hot-rolled coil (HRC) in China and Vietnam will rise again after the Chinese New year's holiday, and professional institutions also estimated that Indian HRC prices will rise.
There are three reasons for pushing up Indian HRC prices. One is that Chinese steel mills have continuously raised their quotations since the end of last year. Second, the buying momentum in overseas markets, including the Middle East and Vietnam, is heating up. Third, after the abolition of the Indian export tax, the EU increased its order for Indian goods.
