排灯节假期和进口影响印度国内卷材市场
Diwali week, imports impact Indian domestic coil activity
Kallanish（开阑商务信息咨询）获悉，印度国内热轧和冷轧卷价格周环比保持稳定，原因是排灯节假期中，市场活动较少。
Indian domestic hot and cold rolled coil prices remained stable week-on-week due to low market activity amid the Diwali holiday week,Kallanish learns from domestic sources.
除了假期的影响外，国内需求也持续疲软，廉价进口商品——尤其是来自中国和越南的商品——导致库存居高不下。
In addition to the impact of the holidays, domestic demand also continued to be weak amid persisting high inventory due to cheaper imports, especially from China and Vietnam.
一位消息人士称，由于进口量大，当地市场已经“饱和”。另一位贸易商也认为，需求持续疲软的原因是供应过多，特别是来自更便宜原产地的进口产品，以及市场缺乏流动性。
A source says the local market is “saturated” due to high imports. Another trader concurs, noting the continuing demand weakness is due to excessive supply especially from cheaper-origin imports and due to a liquidity shortage in the market.
一些市场人士估计，自本财年（2025财年）开始以来，印度国内生产商的钢铁库存价值接近8,900亿印度卢比（106亿美元）。一家当地媒体报道称，钢铁部正在关注高库存问题。
As per some market estimates,domestic producers' steel inventory is worth close to INR 890 billion ($10.6 billion) since the start of the current fiscal yeae (FY25). A local media report notes the steel ministry is monitoring the issue of high inventory.
一些贸易商预计，排灯节过后，即11月下半月，市场需求将有所改善，价格也将有所上涨。排灯节假期在10月28日至11月3日之间。排灯节前后几天，市场活动通常比较冷清。
Some traders expect the market will see improved demand and a boost in prices post-Diwali, in the second half of November.Diwali week runs between 28 October-3 November. The market usually sees a lull in activity a few days before and after Diwali.
另一位市场参与者预计，在来自日本、韩国和越南的剩余进口货物运抵印度之后，12月下半月的需求和随之而来的卷材价格压力将有所缓解。
Another market participant expects demand and subsequent price pressure on coils to ease in the second half of December, after the remaining import shipments from Japan, South Korea and Vietnam arrive in India.
市场还在关注印度政府可能宣布的进口限制措施。印度政府可能会选择征收临时保障税，而不是提高基本关税，因为这将是遏制中国产品进口的最快、最有效的途径。印度政府也在考虑实施某些额外的质量限制措施（见Kallanish相关报道）。
The market is also eyeing potential import restriction announcements by the government, to curb inflows.The Indian government may opt for a temporary safeguard duty instead of hiking its basic customs duty, as this would be the fastest and most effective route to curb Chinese imports. It is also considering implementing certain additional restrictions on quality measures (see Kallanish passim).
印度国内IS2062/E250 BR热轧卷的报价为46,500-47,500印度卢比/吨（553-565美元/吨）孟买出厂价，周环比持平。
Indian domestic HRC offer prices are flat week-on-week at INR 46,500-47,500/t ($553-565/t) ex-Mumbai for IS2062/E250 BR grade.
印度国内冷轧卷的报价也连续第四周保持稳定，IS513 O级的报价为55,000-56,000印度卢比/吨，孟买出厂价。
Domestic CRC offers are also stable on-week, for the fourth consecutive week, at INR 55,000-56,000/t ex-Mumbai, for IS513 Grade O.
印度国内热轧中厚板报价周环比持平，基本E-250或S235同等产品的报价为49,000-49,500印度卢比/吨，孟买出厂价。
Domestic HR plate offers were flat on-week at INR 49,000-49,500/t ex-Mumbai, for base E-250 or S235 equivalent grade.
在进口市场上，中国、越南、日本和韩国都连续第二周缺席。越南、日本和韩国与印度签订有自由贸易协定，无需支付中国目前面临的7.5%额外基本关税。
In the imports market,China, Vietnam, Japan and South Korea all remained off the market for the second consecutive week. Vietnam, Japan and South Korea have free trade agreements with India and do not pay the additional 7.5% basic customs duty which China currently faces.
原产于中国的商品级产品最新进口报价为490-495美元/吨fob中国或520-525美元/吨cfr印度港口。
The last heard China-origin import offers were at $490-495/tonne fob China or $520-525/t cfr Indian ports, for commercial-quality base grades.
中国供应商的印度BIS许可证将于11月2日到期，越南的BIS许可证将于12月4日到期。由于对原产于越南的热轧卷正在进行反倾销调查，印度进口商对订购越南产品也持谨慎态度。消息人士称，他们预计中国和越南的BIS许可证不会很快续期。
Chinese suppliers’ Indian BIS licences expire on 2 November and Vietnam’s BIS licence expires on 4 December. Indian importers are also wary of booking deals from Vietnam due to the ongoing anti-dumping probe against Vietnam-origin HRC. Sources say they do not expect China and Vietnam's BIS licences to be renewed soon.
日本和韩国的商品级热轧卷最新报价为510-530美元/吨cfr孟买。所有进口报价均为相同等级和发货时间。
The last heard Japan and South Korean offers were at $510-530/t cfr Mumbai, for commercial-quality base HRC grades. All import quotes are for the same grades and shipment times.
本周，来自自由贸易协定国家（主要是日本和韩国）的进口S355级热轧中厚板报价低于600美元/吨cfr孟买，11月发货。
Imported HR plate offers from FTA countries, notably Japan and South Korea, were heard at below $600/t cfr Mumbai this week, for S355 grade, November shipment.
由于欧盟需求疲软、倾销风险以及欧盟钢厂因价格较低而选择在当地采购，印度-欧盟卷材出口活动依然缓慢（另见报道）。
India-EU coil export activity remains slow amid weak EU demand, dumping risks, and EU mills opting to buy locally due to lower prices (see separate article).
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