Offer prices for imports of hot rolled coil (HRC) into India have dried up with continuing volatility and high prices, Metal Bulletin has heard.
"We are not making any offers to Indian importers of Chinese [HRC] as of now […] Nobody is interested as prices are too high," one market participant said. "Besides, we are not sure if we will be able to hold the offer for even a day, as prices may change the next...
Source: https://www.metalbulletin.com/