Indian mills raise domestic HRC prices for April sales

Indian mills have increased domestic hot-rolled coil prices for April sales by 3,500-4,500 rupees ($47-60) per tonne on rising international prices of the commodity and tight supply in the domestic market.

“Mills are not supplying the required quantity to the trade segment which is leading to further increases in HRC prices in the spot market,” one market participant said.

Fastmarkets assessed steel HRC,...

Published

Suresh Nair

April 09, 2021

16:35 GMT

Mumbai