Price quotation of HRC from all export market's to India has witnessed an increase in the offers by US$10-20/MT in the prices of HRC and CRC.
With rise of prices in domestic market, it is affecting the export offers to India. On the other side, if the overseas demand does not turn good, the end users will resist a further price hike, said sources.
Currently, HRC reaching to India from Japan is hovering at US$570/MT (FOB) an increase in the prices by US$10/MT compared to previous prices.
However, offers from China have witnessed an increase of US$20/MT in the HRC price. Current price is at around US$540/MT (FOB).
Offers in India for HRC are at around US$560-570/MT CFR Mumbai whereas CRC is hovering in the range of US$600-610/MT.
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