Prices of South Korean origin hot-rolled-coil exports to India have fallen by about $30 per tonne, as a consortium of importers this week booked 20,000 tonnes of HRC at $620-625 per tonne cfr Mumbai for shipment in October.
South Korean origin HRC was offered about a month ago for export to India at $650-655 per tonne cfr Mumbai, which was later withdrawn as importers rejected the offer. The HRC shipment booked at $620-625 per tonne cfr Mumbai will cost importers about...