Due to weak demand, Indian mills cut HRC ex-works price by Rs 1,000 / ton, currently 3mm hot rolled coil ex-works price is 26.5-27.5 thousand rupees / tonne (USD 400-415 / ton).

With the recent depreciation of rupee, the Indian HRC import market has slowed down, this week offer of Chinese merchandise coil fell by USD10 / ton to USD315 / ton (CFR), tax included price is USD 354 / ton (CFR), offer from Japan and South Korea is USD 340-350 / ton (CFR), but not heard of a deal.

                                                XINSTEEL NEWS