Summary of Indian Hot Rolled Steel Coils Market from December 1st to December 8th, 2023

Currently, the local Indian hot coil market is operating steadily, with IS2062 (2.5-10mm) excluding 18% VAT quoted at approximately $670/ton EXW Mumbai HCT780X+ZM steel. In terms of exports, there are not many European orders from the mainstream export market, most of which are small batch transactions, and it is expected to continue until the end of December. If demand does not rebound, the price of Indian hot coils will remain stable at the current high inventory level HCT780X+ZM steel.

Source: Abstract
Editor: Shirley

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Summary of Indian Hot Rolled Steel Coils Market from December 1st to December 8th, 2023