Indian mills cut domestic HRC prices by $14 per tonne

Indian steel producers have reduced the price of hot-rolled coil (HRC) for domestic sales in September by about 1,000 rupees ($14) per tonne through discounts and price support offered to distributors.

The price of steel HRC, domestic, ex-works India, was assessed by Fastmarkets on Friday September 6 at 35,000-35,500 rupees ($486-493) per tonne, lower by 1,000 rupees per tonne than last week’s assessment at 36,000-36,500 rupees per tonne. “A price reduction of at least 1,000 rupees [per...

Published

Suresh Nair

September 06, 2019

17:20 GMT

Mumbai