Indian domestic HRC prices stable as pressure from imports eases

Indian domestic prices for hot-rolled coil (HRC) remained stable in August with import volumes of this key upstream commodity coming to a halt, Fastmarkets heard on Friday August 23.

“We have been able to maintain domestic HRC prices for the current month because there is no threat of low-priced HRC imports entering the [Indian domestic] market for some [foreseeable] time,” an official from an Indian mill said. According to...

Published

Suresh Nair

August 23, 2019

17:27 GMT

Mumbai