Indian steel mills cut domestic HRC prices to discourage imports

Indian steel mills have cut domestic hot rolled coil prices for December sales by about 2,000 rupees ($28) per tonne to discourage imports following a sharp fall in international HRC prices.

Fastmarkets' price assessment for Indian domestic HRC  was 44,000-44,500 rupees per tonne ex-mill on Friday December 7, a reduction of 2,000 rupees per tonne from last week’s 46,000-46,500 rupees per tonne ex-mill. An Indian mill...


Suresh Nair

December 07, 2018

17:30 GMT