Export offers on HRC from china to India increases with rise in domestic prices

Chinese exporters have raised the price offers for HRC to be
offered in India on account of rising domestic prices in china.

Currently the market for HRC stands at $575-580/MT (CFR
India) with an increase in the prices by $5/Mt. “various mills in China have
raised their offers by $10-12/MT for material to be sold in November,”-said
sources.         

 With the current
increase in price offers from china buyers in India are unwilling to purchase
the material as they were expecting the prices to come down.