SteelOrbis has been informed that Indian origin hot rolled coils are being offered at $820-850/mt FOB for March production materials.
The local sales price of HRC in India is at $730-735/mt, excluding taxes. Having hiked their prices by $65-80/mt in early February, Indian mills are currently on hold. Due to the price gap between local prices and export prices, local HRC prices are expected to increase further by $40-50/mt.