Industry News

Indian hot-rolled coil suppliers suspend offer to China

Views : 154
Update time : 2020-07-08 21:48:27
As relations between China and India become tense, several large Indian steel mills had ceased to offer hot-rolled coil quotations to Chinese buyers.

Indian hot-rolled coil export orders were not many last week, and after that, several major Indian hot-rolled coil manufacturers also suspended their offers. The main reason was that Chinese buyers were worried about the policy of goods by the ports of the two countries.

Although the Indian government hasn't issued a formal order, according to reports, the customs of the two countries have strengthened the review of imported and exported goods.
Related News
Read More >>
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Nov .14.2024
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13 Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Nov .14.2024
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nov .14.2024
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry
Nov .14.2024
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry