[SMM Steel] India HRC Export Indications Stable; Bulk Shipments Remain Active

Published: Aug 28, 2026 15:52

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[India Export] Indian HRC export indications varied across destinations, with material heard at around 500USD/tonne FOB India for Vietnam, 525USD/tonne FOB India for the Middle East and 540–550USD/tonne FOB India for Europe. Physical export movement has also remained active, with more than 210,000tonnes of flat steel reported shipped from major eastern and southern ports over the past month, including sizeable coil and plate parcels destined for Colombia, Bangladesh and Mediterranean/European markets. In the billet market, the latest Indian export indication remained around 470USD/tonne FOB India, although no fresh transaction was confirmed at this level. Market participants are watching for fresh mill pricing from Vietnam.

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