07
Apr
12:33
HRC strength supports Indian prices, encourages exports
Higher flat steel prices in the international market are keeping steel prices in India elevated, says India Ratings and Research (Ind-Ra). This is also encouraging mills to focus on exports despite strong local demand.
Domestic hot rolled coil prices on a Mumbai 2.5mm-8mm, IS2062 basis increased by 1% on-month in mid-March to INR 54,250/tonne ($729) and were 42% higher on-year.
Indian rebar prices are also strong, supported by robust domestic demand, while rebar …
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Anonymous
Very good overview of the weekly steel market.
Anonymous