The latest HRC offers given by Indian mills to the domestic and export markets are as follows:
Mill |
Product |
Price |
Ispat |
HRC 1.6-2 mm |
$625/mt FOB India |
HRC 2.8 mm |
$570/mt C&F Bangladesh |
|
Ispat |
HRC base |
INR 29,500/mt ($625/mt) ex-works Mumbai |
HRC base |
INR 30,750/mt ($651/mt) ex-works |
Three weeks ago, SAIL's offers given for 3 mm HRC were at the level of $570/mt C&F Bangladesh, while Ispat's HRC base prices were at INR 30,000/mt ($636/mt) ex-works in Mumbai. The other prices in the abovementioned table have shown no change as compared to three weeks ago.
Although in India HRC domestic and export prices have moved on a stable trend in general, demand has been following a sluggish trend. On the other hand, import offers are standing at more competitive levels in India compared to offers for domestic production.
US$1 = INR 47.2005