Indian mills were seeking a price increase of $20 per tonne for exports of steel hot-rolled coil because the domestic price of the commodity was expected to continue to rise for the rest of this year, Fastmarkets heard on Friday November 13.
All three major Indian HRC exporting mills were currently out of the export market."[Indian mills] may consider prices of $555-565 per tonne fob for HRC exports to Southeast Asia but any number below this is completely ruled...