India Steel Market Watch
December 16: Imported hot rolled coil offers to the Indian market fell sharply after imposition of the 20% safeguard duty by the government.
Current offers for commercial grade HRC offers are assessed at US$ 270 per ton CFR India, whereas offers from Korea and Japan are assessed at US$305 per ton CFR India for January shipments.
According to unconfirmed reports, offer prices of hot rolled coils (HRC) imported into India from China have fallen to $265 per ton CFR Mumbai for January shipments.