India's Hot Rolled Coil Export Price Rises By 10-20 US Dollars / Ton

On August 4, India's hot rolled coil export assessment price was US$590-635/ton (FOB), a week-on-week increase of US$10-20/ton.

According to Indian market news, last week Indian steel mills generally raised the export price of hot coil by US$10-20/ton. The supply of coils will decline, and one of the major Indian hot rolled coil export manufacturers is expected to reduce the production of HRC by 200,000 tons due to the shutdown of the HRC production line in August. Since the domestic hot rolled coil prices in India are relatively more advantageous, so Indian steel mills will give priority to supplying their domestic market.

On August 4, India's domestic hrc ex-factory assessment price was 57,000-58,000 rupees (689-701 US dollars) / ton, a week-on-week increase of 500 rupees (6 US dollars) / ton.

Note: USD 590-635 = RMB 4213-4534 (according to the exchange rate of RMB against USD on August 7)