Indian domestic hot rolled coil prices remain stable, ex-factory prices of 3mm merchandise coils stable at INR 28.5-30.5 thousand /ton (USD 448-480 / ton).

Because of the rainy season, construction activity slowed inIndia, car sales also affected, so the local demand of HRC remains weak. In addition, imported resources prices continued to decline, some buyers believe HRC prices may fall further, only small purchases to meet the need.

Chinese HRC offer prices for Indian this week down by USD10 / ton to about USD330 / ton (CFR),JapanandSouth Koreaquoted steady at USD370 / ton (CFR).

                                                           XINSTEEL NEWS