Indian steel mills have cut domestic hot rolled coil prices for December sales by about 2,000 rupees ($28) per tonne to discourage imports following a sharp fall in international HRC prices.
Fastmarkets' price assessment for Indian domestic HRC was 44,000-44,500 rupees per tonne ex-mill on Friday December 7, a reduction of 2,000 rupees per tonne from last week's 46,000-46,500 rupees per tonne ex-mill. An Indian mill...