Traders selling Indian domestic CRC, HDG at big discount to mill prices

Indian steel mills kept their prices for domestic cold-rolled coil and galvanized coil steady in the week to Friday September 24, even with traders selling such downstream flat steel products at significant discounts in the local markets, Fastmarkets has learnt.

The price of steel hot-dipped galvanized coil, domestic, ex-whse India, was assessed at 80,500-81,500 rupees ($1,091-1,104) per tonne on Friday, stable for the past two weeks.
The domestic HDG price assessment is based on prices offered by mills.

Traders, however,...

Published

Suresh Nair

September 24, 2021

16:37 GMT

Mumbai