Offer prices for
cold rolled coil (CRC) imports into India from China remain stable this week,
although importers expect to see downward revision in prices soon.
“The offers for
cold rolled coil have not yet changed from $730-735 cfr, but nobody is buying
material at these levels. Offers have to be brought down,” said a
Mumbai-based importer.
The US Market
remained quiet with bids seen at lower levels. Many traders were happy to sit
back on current positions and wait to see the next direction before making any
move.
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