The strength of the US dollar against the Indian rupee is curbing hot rolled coil (HRC) import offers to India. However, SteelOrbis has learned that Ukrainian steelmaker Ilyich Iron and Steel Works of Mariupol (Ilyich) has sold HRC to the Indian market at $700/mt CFR.
In the meantime, Chinese traders are offering HRC to the Indian market at $730/mt CFR. However, it is reported that this price has failed to gain acceptance in the Indian market.