Indian importers reject Chinese HRC offers at $665-670 per tonne cfr

Apr 05, 2012 | 09:52 AM |

Offers for commercial-grade hot rolled coil (HRC) imports to India, mainly of Chinese origin, at $665-670 cfr Mumbai for May shipment have found no takers, even though domestic prices have moved up by $20 in the past two weeks. Indian importers are looking for cheaper bargains and have been negotiating for reductions of $5 to $10, market participants said. “It is not....

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