[SMM Steel] Indian HRC Export Indications Hold Steady as Mills Favour Domestic Sales
[India Export] Indian HRC export indications held at 640USD/tonne FOB India and 715–730USD/tonne CFR North Europe on September 24, while billet remained at 465–470USD/tonne FOB India. No fresh transactions were reported at these levels. Firm domestic HRC realisations and limited spot availability kept mills focused on local sales, while European buyers remained cautious about quota access and shipment timing. The wider export market was similarly quiet: Chinese HRC prices were broadly stable with limited sales to distant destinations, and GCC buyers continued to purchase selectively.