Indian steel mills were likely to increase their domestic hot-rolled coil prices by about 2,000-3,000 rupees ($27-41) per tonne in September, with local demand for the commodity continuing to grow, Fastmarkets heard on Friday August 28.
Officials from two Indian private-sector mills have confirmed that they have already given guidance to their dealers to impose a 2,000-3,000 rupees per tonne price increase for HRC in September."Internationally, HRC prices are on the rise because of restricted...