Indian importers ask for $20 reduction in HRC offer prices
Apr 30, 2012 | 09:31 AM
|
Indian importers are asking for a $20 per tonne reduction in offers of commercial-grade hot rolled coil (HRC) as a weakening rupee-dollar exchange rate has resulted in fewer transactions, market participants told Metal Bulletin.
Offers for HRC imports into India, mainly of Chinese origin, are currently at $660-665 per tonne cfr Mumbai for shipment in June.
Offers from Iran are in the same range for commercial-grade material, while Iranian cold rolling-grade coil....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here