Indian importers are considering imports of hot-rolled coil (HRC) from China because South Korean suppliers have exited the Indian market due to falling prices.
China-origin commercial grade HRC was offered earlier this week to Indian importers at $505-510 per tonne cfr Mumbai for late January-early February shipments.But there had been no Chinese HRC import bookings by Indian importers by Friday November 23.Chinese HRC has not been commercially viable for import into...