Indian mills raise domestic HRC prices for second time in October

Indian domestic prices for steel hot-rolled coil have risen by about 1,500 rupees ($20) per tonne in the week to Friday October 22, with most mills announcing price rises.

Mills raised their HRC prices with demand increasing on active restocking by traders and a sharp increase in spot prices.
Mills had raised their domestic HRC prices by about 1,000 rupees per tonne in the second week of October.

The price of steel HRC, domestic, ex-whse India, was assessed by Fastmarkets on October 22 at 68,000-69,000 rupees ($908-921) per tonne,...

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