Indian mills are likely to increase their domestic prices for hot-rolled coil (HRC) in February sales by about 1,000 rupees ($14) per tonne because of rising international HRC prices, particularly in China, Fastmarkets heard on Friday February 1.
Officials from at least two mills confirmed the likelihood of a price rise. Indian mills were likely to issue new price lists next week, the officials said.The new increase in domestic HRC prices comes within a...