Indian domestic HRC prices steady, 3mm hot rolled coil ex-factory price is 27-28 thousand rupees / tonne (US $ 448-480 / ton), the local steel mills intent to increase the price after government levying safeguard measures tax on the HRC. The buyers accept the price rising.

A steel mill said that after the end of the rainy season HRC demand more stable. After levying provisional safeguard measures tax, pressure from imported resources have also been slowed. The latest offer of Chinese mechandise coils have further decreased by USD10/ton to USD290/ton (CFR), plus 12.5 % import tax and 20% safeguards tax, equivalent to USD384 / ton, not heard traded.

                                                    XINSTEEL NEWS