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.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,...