Indian flat steel producers were likely to increase their prices for March sales of hot-rolled coil (HRC) in line with rising international prices for the commodity, Fastmarkets heard on Friday March 1.
Officials from at least two Indian mills confirmed that domestic HRC prices will be raised for March sales, estimating the increase to be in the range of 1,000-1,500 rupees ($14-21) per tonne."We will decide on the final size of the price increase, and issue...