China, Japan and Korea dominate the Indian Hot-rolled Steel Coil importing market


According to Joint Steel Committee, a subsidiary of Indian Steel Ministry, the import of Hot-rolled Steel Coil in India increases 133% year-on-year in the second quarter of this year, which reached 542000 ton. Most wear imported from China, Japan and Korea, which totaled 90% of the import.

By the statistics, in the middle of July, the FOB of SS400 Hot-rolled Steel Coil with 3mm thickness and commercial grade was $340 per ton from China to India, which amounted to $374 per ton(100% tariff). While Hot-rolled Steel Coil with 1.2-2.0mm thickness and rerolling grade from Japan and Korea was $30 per ton higher than that from China.

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