Indian mills likely to raise domestic HRC prices for February sales

Indian mills are expected to raise their domestic hot rolled coil prices in February even though international prices of the commodity are expected to weaken, sources told Fastmarkets on Friday January 29.

An official from an Indian mill said that domestic prices would probably increase by another 1,000-1,500 rupees ($13-20) per tonne because demand for HRC is continuing to outstrip supplies.
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