Chinese mill has reduced CR Coil offer to Indian clients by
$10 to $600 per tonne CFR Mumbai. However interest shown by importer at these
prices is not encouraging. Demand in domestic market is weak that respond the
mill to reduce prices.
Indian mill prices of CR Coil of 0.40MM are at Rs 47,000
-47500 including taxes, whereas as if material imported from china at $600 will
cost Rs 43500-44,000 inclusive all taxes.
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