Indian mills keep domestic HRC prices stable under import pressure

Indian mills have kept their domestic hot-rolled coil (HRC) prices stable for April sales while cheaper imported material continued to put pressure on domestic product, Fastmarkets heard on Friday April 5.

Fastmarkets’ assessment of the Indian domestic HRC price was 40,500-41,000 rupees ($586-594) per tonne ex-mill on Friday, the same as last week’s assessment. “We have tried to keep domestic HRC prices stable in April because demand...

Published

Suresh Nair

April 05, 2019

18:07 GMT

Mumbai