Indian HRC import prices widen on bookings from Iran, South Korea

Prices of imports of commercial-grade hot-rolled coil (HRC) into India in the week ended Friday Jaunary 18 widened after large shipments were booked from Iran and South Korea.

Importers have confirmed bookings of commercial-grade HRC of Iranian origin at $450-455 per tonne cfr Mumbai for shipment in February, while South Korea-origin HRC priced at $520-525 per tonne cfr Chennai port was also booked by end-users this week. The Indian HRC import price assessment by Fastmarkets was $450-525 per tonne cfr on Friday, widening by as much as $75 per tonne compared with...

Published

Suresh Nair

January 18, 2019

17:54 GMT

Mumbai