Indian mills to increase domestic HRC prices by at least $41/t in Jan

Indian mills are aiming to increase domestic hot rolled coil (HRC) prices by at least 3,000 rupees ($41) per tonne over the month of January, Fastmarkets heard on December 31.

An official from an Indian mill said that current domestic HRC prices are at a discount of at least 4,000 rupees per tonne compared to the international prices of the commodity.
“We're aiming to achieve 55,000 rupees per tonne [for domestic HRC sales in January] over the next couple of weeks,” an Indian steel mill official said.

Published

Suresh Nair

December 31, 2020

16:00 GMT

Mumbai