Offer prices for Cold rolled coil (CRC) imports into India from China have increased by $5/MT.
CRC prices have been quoted at $735-740/MT CFR Mumbai for April shipment compared with offers at $730-735 CFR last week.
According to the market participants and traders, “The latest offers for CRC, was seen at $735-740 CFR Mumbai but we have not received any import orders this week as uncertainty over excise and custom duties have made it difficult for buyers to make a decision about purchases”.
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