India hears offers of South Korean HRC up by $5 per tonne

Offer prices for South Korea-origin hot-rolled coil (HRC) exported to India have increased by at least $5 per tonne to $535-540 per tonne cfr Mumbai for shipments in August, Fastmarkets heard on Friday July 19.

HRC from South Korea was last booked about a month ago at $530-535 per tonne cfr Mumbai.
Importers, however, were currently not keen on booking HRC shipments for fear of the imposition of a safeguard duty on flat steel imports into India.

“We will not...


Suresh Nair

July 19, 2019

17:55 GMT