Indian importers look to Iran for cheaper HRC

Dec 22, 2011 | 09:49 AM |

Indian importers have sourced hot rolled coil (HRC) from Iran at lower prices. HRC was bought from Iran’s Mobarakeh Steel at $600-605 cfr Mumbai for February shipments, which is about $5 lower than Ukrainian HRC booked at $605-610 cfr Mumbai. HRC....

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