Owing to a cost push from soaring coking coal prices, Indian mills have raised their hot rolled coil offers by a further $35-40/tonne on-week to $770-780/t fob India for March shipments. They are said to be in a strong position to conclude export deals, various sources inform Kallanish.
“Mills are now aiming to offer at $770-780/t fob India, but it cannot be predicted for how long they will be able to sustain these numbers,” informs a senior trader fro…
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