It's reported that India's hot rolled coil (HRC) market remains stable currently. India steel mills hiked the HRC prices by US$17~US$21/ton last week but there was no transaction due to the weak demand in local market. The HRC prices have remained at around US$563~US$572/ton since April. Meanwhile, the HRC from China was quoted at US$525~US$535/ton CFR, down by US$10-US$15/ton compared to the price at the end of June. However, the prices includes 7.5% customs duty come to US$564~US$575/ton, higher than local price.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65376&division=A2
