Reportedly, India's import prices of cold rolled coils (CRC) have increased recently, driven by surged import prices of hot rolled coils (HRC).
It's learned that the Chinese and Japanese exporters currently offered CRC quoted at US$640~US$640/ton CFR to India for October and November deliveries, soaring substantially by US$45~US$50/ton from the offers in a week earlier.
However, the prices are unfavorable to the Indian buyers since the local offers are only around US$37/ton higher than the imports