Due to the depreciation of the Indian Rupees, the hot rolled coil (HRC) import price is not workable for India customers. China's HRC quote of US$585~US$590/ton CFR is not competitive at all since the local prices are US$499~US$506/ton. It is said that the Indian mills plan to raise the price for September. In the meantime, India's HRC export prices have become more and more competitive. It's learned that that HRC base material is quoted US$570/MT CFR Japan. However, the Japanese mills worry that the quality can't satisfy Japanese industry standard.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66109&division=A2
