As per market prices prevailing at Mumbai on September 18th, 2009, import parity pricing for HRC in tube making grade is about USD 581 per tonne on CNF basis.
Following expenses are factored in
1. Port expenses at INR 400 per tonne for break bulk
2. Margin of INR 1500 per tonne
3. Conversion rate of USD to INR - 48
But, on the other hand, Chinese offers at around USD 530 per tonne CNF India has evoked immense interests among Indian buyers, who are reported to be watching the situation expecting further drop of USD 20 per tonne to USD 30 per tonne.
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details. Kindly note that this is a paid service
(Sourced from www.steelprices-india.com)
Monday, September 21, 2009
Indian import parity price of HRC improves under Chinese pressure
0 comments:
Post a Comment