Offer prices for hot rolled coils to India, mainly of Chinese origin, have risen to $290 per ton CFR Mumbai, up from $282 per ton CFR Mumbai for February-March shipments, industry sources said.
Current offers for commercial grade HRC offers are assessed at US$ 290 per ton CFR India, whereas offers from Korea and Japan are assessed at US$320 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 $290-295 per ton CFR Mumbai for February-March shipments.
ISMW