SteelOrbis has learned that Ilyich production ready stock HRC is being offered to the Indian market by a CIS trader at the price level of $470/mt CFR Mumbai, whereas Indian production ready stock HRC is being offered by a local mill to the Indian market at the price level of $620/mt ex-warehouse. Meanwhile, HRC offers from China to India are standing at $500/mt CFR Mumbai, while Indian production HDG is being offered in the local Indian market at $800/mt ex-warehouse.
On the other hand, local mills are offering HRC to export markets at the level of $600/mt FOB India, while their offers for HDG to export markets are at $745/mt FOB India.
Local prices are for prompt shipments, whereas export prices are for November shipments.