Steel HRC import prices to India down by $20 but buyers reject offers

The import price of steel hot-rolled coil into India fell by $20 per tonne in the week ended Friday May 26. But Fastmarkets heard that importers have rejected offers, mainly of China-origin material, because they expected import prices to fall further in the coming days.

The price of steel HRC, import, cfr main port India, was assessed on Friday at $580-590 per tonne cfr, down by $20 per tonne from last week’s $600-610 per tonne....


Suresh Nair

May 26, 2023

17:40 GMT