[SMM Steel] Indian HRC Export Discussions Remain Stable

Published: Sep 4, 2026 16:21

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[India Export] Indian HRC discussions for the GCC were centred at 520–540USD/tonne FOB India, with market participants considering this range realistic for concluding deals. Offers to Europe remained unchanged from yesterday at around 660USD/tonne CFR southern Europe. In Vietnam, the recent incident at Formosa Ha Tinh could temporarily affect domestic HRC availability, potentially allowing Indian suppliers to step in and fill any resulting supply gap. India’s domestic HRC market was also unchanged at around 628–649USD/tonne (60,000–62,000INR/tonne) EXW Mumbai.

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