Indian HRC mill prices undercut by $100 per tonne in domestic trade

Hot rolled coil in the Indian domestic market was selling in the week to Friday May 20 at a sharp discount of as much as 8,000 rupees ($103) per tonne compared with mill prices.

The price of steel HRC, domestic, ex-whse India, was assessed by Fastmarkets on Friday at 75,000-76,500 rupees ($968-987) per tonne, unchanged from last week.

“We are selling HRC...

Published

Suresh Nair

May 20, 2022

17:38 GMT

Mumbai