Offer prices for South Korea-origin hot-rolled coil (HRC) exported to India have increased by at least $5 per tonne to $535-540 per tonne cfr Mumbai for shipments in August, Fastmarkets heard on Friday July 19.
HRC from South Korea was last booked about a month ago at $530-535 per tonne cfr Mumbai.Importers, however, were currently not keen on booking HRC shipments for fear of the imposition of a safeguard duty on flat steel imports into India."We will not be booking...