Indian mills set to raise September HRC prices by $27-41 per tonne

Indian steel mills were likely to increase their domestic hot-rolled coil prices by about 2,000-3,000 rupees ($27-41) per tonne in September, with local demand for the commodity continuing to grow, Fastmarkets heard on Friday August 28.

Officials from two Indian private-sector mills have confirmed that they have already given guidance to their dealers to impose a 2,000-3,000 rupees per tonne price increase for HRC in September.

“Internationally, HRC prices are on the rise because of restricted...


Suresh Nair

August 28, 2020

18:20 GMT