Offers of commercial-grade hot-rolled coil (HRC) for import into India have fallen by $15 per tonne to $640-645 per tonne cfr Mumbai, compared with similar material booked about two weeks ago at $655-660 per tonne cfr Mumbai.
Indonesia-origin HRC was offered at $640-645 per tonne cfr Mumbai for shipment in June-July but this price has yet to be accepted, a Mumbai-based importer said on Friday May 18."The offer was initially at $655-660 [per tonne] and has...