Indian mills likely to raise domestic HRC prices by $31 per tonne

Steel mills in India are likely to increase their domestic prices for hot rolled coil (HRC) sales in September by Rs2,000 ($31) per tonne, Metal Bulletin has heard.

Domestic prices for commercial-grade HRC in the week ended Friday September 1 were assessed at Rs39,000-39,500 ($609-617) per tonne ex-mill. Officials from at least two HRC-producing mills confirmed that their domestic HRC prices will be increased by Rs2,000 per tonne by early next week. “The cost of importing HRC from China is around Rs44,000 per tonne and we propose increasing our prices to...

Published

Suresh Nair

September 01, 2017

18:08 GMT

MUmbai