Indian importers reject Vietnam-origin HRC offers

Indian importers have rejected import offers for Vietnam-origin hot-rolled coils priced at $630-640 per tonne CFR Indian ports, since spot prices for the commodity have fallen, with demand for HRC turning sluggish.

“The offer price is too high. It’s risky to import HRC at this price, as the local spot price of similar material has fallen to 55,500-56,000 rupees [$667-673] per tonne...


Suresh Nair

August 17, 2023

14:40 GMT