Deep cuts in domestic Indian HRC prices to combat imports

Steel mills in India have significantly reduced their domestic prices for hot-rolled coil for December sales because imports of the commodity have become commercially viable again, Fastmarkets heard on Friday December 3.

The price of steel HRC, domestic, ex-whse India, was assessed by Fastmarkets on December 3 at 67,000-67,750 rupees ($893-903) per tonne, down by 3,000-3,250 rupees per tonne compared with last week’s assessment at 70,000-71,000 rupees per tonne.
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Published

Suresh Nair

December 03, 2021

16:55 GMT

Mumbai