Indian importers turn down HRC imports on cheaper domestic prices

Indian importers have rejected the latest offer prices for imports of hot-rolled coil (HRC), citing falling prices for the commodity in the domestic market, Fastmarkets heard on Friday March 29.

Indian HRC import prices were assessed by Fastmarkets at $575-580 per tonne cfr Indian ports on March 29, compared with last week’s assessment of $560-565 per tonne cfr, an increase of $15 per tonne. The latest assessment was based on offers of imports of commercial-grade HRC...

Published

Suresh Nair

March 29, 2019

16:52 GMT

Mumbai