Indian mills hold domestic HRC price steady despite import pressure

Indian mills were keeping domestic HRC prices high in the week ended Friday March 22, even though cheaper imported coil products have beaten down spot prices for the commodity, Fastmarkets has heard.

Indian domestic HRC prices were assessed by Fastmarkets at 41,500-42,000 rupees ($604-612) per tonne ex-mill on Friday, unchanged since last week. Indian importers and traders, meanwhile, were offering HRC in the domestic market at 41,000-41,500 rupees per tonne...

Published

Suresh Nair

March 22, 2019

18:12 GMT

Mumbai