Indian domestic prices for hot-rolled coil (HRC) have been showing signs of weakness on account of muted demand in the week ended Friday October 19.
Local mills so far have not reduced domestic prices for HRC but they are facing pressure from buyers to consider a correction in prices."There is a lot of pressure from our distributors to reduce HRC prices, but we will not be reducing prices in October. Domestic HRC will be reviewed only in the first week...