China’s HRC export prices to India slide

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Publish time: 3rd September, 2012      Source: ChinaCCM
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Recently, China's export quotes of hot rolled coils (HRC) to Indian are at US$535~US$540/ton CFR averagely, falling by US$5/ton from US$540~US$545/ton CFR early this month.

Indian trader said that the local buyers are unwilling to purchase at this moment in spite of the decreased prices.

Meanwhile, it's predicted that China's HRC quotes to India would drop to US$525~US$530/ton CFR in the following two weeks.