Indian mills were likely to increase their prices for hot-rolled coil (HRC) for June sales by 1,000 rupees ($14) per tonne because of a rise in input costs, Fastmarkets was told on Friday May 31.
Officials from at least two mills confirmed that their mills may consider increasing domestic HRC prices because of rises in the costs of key raw materials such as iron ore and coking coal."Domestic spot prices of HRC have been falling over the past couple of months but our cost...