Last week, India's export offer of hot dipped galvanized steel products (HDG) fell to US$835~US$839/ton, down by US$5~US$7/ton. However, most buyers are holding a cautious attitude to purchase and Chinese offer for HDG dropped dramatically. It's learned that Chinese HDG export offer went down by US$10~US$15/ton. Market participants said that the Indian exporters would cut the HDG offer by US$10/ton this week due to the depreciation of Indian currency against USD.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64904&division=A2
