Steel mills in India keep domestic HRC prices unchanged despite lower offers from traders

Indian steel mills kept their domestic hot rolled coil offers unchanged on Friday June 18, despite local traders continuing to undercut their prices by as much as 3,500 rupees ($47) per tonne, Fastmarkets understands.

Fastmarkets' price assessment for steel HRC, domestic ex-warehouse India has remained at 68,500-70,500 rupees ($925-952) per tonne since June 4.
HRC was being sold by traders at 66,500-67,000 rupees per tonne ex-warehouse, sources said.

"It is impossible to sell HRC...

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