Indian importers reject South Korean HRC offers for low-cost local supply

Indian importers have rejected import offers of hot-rolled coil from South Korea at a price of $500-505 per tonne cfr Mumbai, citing low domestic prices, Fastmarkets heard on Wednesday July 29.

According to an importer, bids for similar material at $478-480 per tonne cfr Mumbai were not accepted by the seller.

“The cost of South Korea-origin HRC imports for us, even at a price of $500 per tonne cfr Mumbai, will...

Published

Suresh Nair

July 29, 2020

18:25 GMT

Mumbai