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May 13, 2022 - BY Admin

India Sluggish overseas trades pull down HDGI coil export offers further by $25t

Export offers for hot-dipped galvanised iron (HDGI) coils (0.50mm, 900-1,250mm) from India decreased further by $25/t at INR $1,175/t FOB west coast over low inquiries. Indian mills are finding it difficult to conclude deals in UK-EU as challenges like high power costs weighed on production levels of HDGI consuming industrial consumers, keeping the buying interest low. --steelmint