Offer prices for hot rolled coil to India, mainly of Chinese origin, have risen by $10 to $280 per ton CFR Mumbai for February shipments, industry sources said.
Current offers for commercial grade HRC offers are assessed at US$ 280 per ton CFR India, whereas offers from Korea and Japan are assessed at US$315 per ton CFR India for January shipments.
According to unconfirmed reports, offer prices of hot rolled coils (HRC) imported into India from China have risen to $285 per ton CFR Mumbai for February shipments.
Products & Market |
Unit |
Specification |
Price (Dec 30, 2015) |
Price (Dec 23, 2015) |
W-O-W |
|
|||||
HR imports |
|
|
|
|
|
FOB China main port |
$/ton (basic) |
|
256 |
246 |
10 |
FOB Japan main port |
$/ton (basic) |
|
276 |
266 |
10 |
CFR India |
$/ton (basic) |
|
280 |
270 |
10 |
|
Source: India Steel Market Watch