Traders claimed that India's domestic supply of HRC is at reduced levels and that Indian HRC price is still lower than the price in international market.
The report cited a HR user as saying that India has restricted the HRC import which coupled with shut down of HSM by an Indian manufacturer and one mill not working at full capacity have all led the reduction in HRC availability.
The price of the imported HRC is USD 620 per tonne CFR and the delivery time is after November. The price at that time is a doubt so the risks are very high.
Source From: http://www.steelguru.com
Tuesday, August 25, 2009
India domestic HRC supply tight
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