South Korean HRC offers to India rises by $10 per tonne

Offers for South Korea-origin commercial-grade hot-rolled coil to India have risen by about $10 per tonne to $615-620 per tonne cfr Mumbai for shipments in February-March.

These compare with offers made in mid-December at $605-610 per tonne cfr Mumbai.
A Mumbai-based importer said that the latest offers would likely to be accepted by all major importers since they had already missed out on two earlier shipments.

This is especially since the cost of importing is lower...


Suresh Nair

December 29, 2017

11:28 GMT