International steel market daily: exports are active, and the price of hot rolled coils in India is rising

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International steel market daily: exports are active, and the price of hot rolled coils in India is rising

Bulk export orders eased the supply pressure in the domestic market, and government infrastructure projects boosted market sentiment. India's hot rolled coil price rose for the first time in three months, up 500 rupees / ton on a weekly basis. At present, the ex factory price delivered to Mumbai is 860 US dollars / ton EXW.

A steel mill in India told Mysteel that at present, the buyer's inventory is low and there is more room for demand to pick up. In addition, the recent active export of steel mills has strong support for market sentiment, and the price is expected to continue to rise.

[China export]

[international industry highlights]

Demand for hot coil in Saudi Arabia rose, but transactions in cold coil and hot galvanizing market were weak

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