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."It is impossible to sell HRC...