Ex-China HRC prices move up after holiday, further rise expected
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Indian hot rolled coil (HRC) exporters have aggressively increased prices over the past week.
More Asian hot-rolled coil (HRC) suppliers have decided to offer to Turkey, the EU and North Africa, given the increasing price trends.
Prices for imported slabs in Asia have surged further since late January, as the uptrend in the HRC market has been accelerating.
The local Indian rebar market has showed mixed trends over the past week with integrated mills increasing prices.
Since SteelOrbis’ report published on February 4, Turkey’s ship scrap market has moved up.