Prices for hot-rolled coil (HRC) imported into India from South Korea have fallen by about $30 per tonne in the past month, with a southern India-based end-user booking a large shipment at $660-665 per tonne cfr Chennai port this week.
Importers based in the northern port of Mumbai were unsuccessful in booking the South Korean shipment, which comprised about 25,000 tonnes of HRC, although it was first offered to them at $680-685 per tonne cfr Mumbai last week, Metal Bulletin heard on Friday April 20.Similar South Korea-origin shipments were most recently booked about a month ago at $690-695 per tonne cfr...