Indian mills raise domestic HRC prices on bullish near-term outlook; export prices dip

October 03, 2020 / www.metalbulletin.com / Article Link

The domestic Indian hot-rolled coil price rose by 4.2% week on week on Friday October 2 after steel mills raised offer prices for material delivered in October, while export prices dropped by $15 per tonne.

Fastmarkets assessed the steel hot-rolled coil domestic, ex-whs India price at 43,000-43,250 rupees ($586-590) per tonne on Friday, up 1,500-2,000 rupees per tonne week on week.

"Domestic demand growth...

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