It's reported that Indian hot rolled coil (HRC) market has become weak recently due to poor demand and increased imports.
At present, the HRC ex-factory prices are at INR33,750~INR34,250/ton in Indian domestic market.
Meanwhile, the prices of HRC originated from China are at US$560~US$570/ton CFR, falling by US$5~US$15/ton from a week ago. It's said that buyers bid US$550/ton CFR for the HRC imports.