India: CRC export offers to Europe fall w-o-w amid recent deal
Indian CRC export offers to Europe decreased by $10/t to $625/t FOB east coast, India ($670/t CFR Antwerp) w-o-w. Additionally, a deal of around 16,000 t has been concluded at $665/t CFR Antwerp. However, the automotive industry faces declining demand due to Chinese competition and a worsening economy. Meanwhile, Chinese CRC export offers were up by $40/t to $565/t FOB w-o-w.