Indian importers to switch to cheaper South Korean HRC

Indian importers are likely to book commercial-grade hot-rolled coil (HRC) from South Korea because similar material from China is still not a viable option for imports.

South Korean HRC was offered to Indian importers this week at $530-535 per tonne cfr for February shipment. This means that it will cost importers around 39,500-40,000 rupees ($561-568) per tonne exclusive of taxes. Fastmarkets’ price assessment for Indian commercial-grade HRC imports was $530-535 per...

Published

Suresh Nair

January 11, 2019

17:40 GMT

Mumbai