Indian importers have rejected import offers of hot-rolled coil from South Korea at a price of $500-505 per tonne cfr Mumbai, citing low domestic prices, Fastmarkets heard on Wednesday July 29.
According to an importer, bids for similar material at $478-480 per tonne cfr Mumbai were not accepted by the seller."The cost of South Korea-origin HRC imports for us, even at a price of $500 per tonne cfr Mumbai, will...