Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
In the first half of this week, India was on the Diwali holiday, and the market trading atmosphere was light; In the second half of the market, participants have not yet returned to the market, and the transaction price is 1000 to 1500 rupees/ton lower than the listed price of the HX260YD+ZF steel factory. On Friday, the spot price of hot rolled HX260YD+ZF steel coils in India was 55000 rupees per ton (661 US dollars per ton) EXW, unchanged on a weekly basis. Despite the good growth momentum of car sales before the holiday, the current high inventory of hot-rolled steel coils and weak demand in overseas markets may put pressure on domestic trade prices.
In terms of exports, driven by the recovery of terminal demand, inquiries from European buyers have increased, and India has issued another quotation for them after about two months. Last weekend, a leading HX260YD+ZF steel factory reached an export order with a local buyer at a price of 685-690 US dollars per ton, weighing approximately 15-2000 tons, with a December shipping schedule.
