CRC offers to India rise $20 per tonne, still above minimum import price

Cold rolled coil offers to India pushed up $20 per tonne this week, but importers are unable to respond as the price is still below the government's minimum import price (MIP) for the product.


Offers for cold rolled coils to India mainly of Chinese origin increased by $20 per tonne, to $530-540 per tonne cfr Mumbai for June shipments, up from $510-520 per tonne cfr a week ago. However, the MIP for cold rolled coils has been fixed at $560, leaving importers unable to book any cargoes as the current price...

Published

Suresh Nair

April 20, 2016

21:45 GMT

Mumbai