India: SAIL hikes domestic HRC prices by INR 500-700/t

State-owned steel major SAIL has raised domestic prices for flat products across regions by INR 500-700/t, confirmed officials. Out of 1.2 mn t of sales in Jun’20, 325,000t comprised exports, according to a SAIL declaration. Rising export demand, improved domestic offtake and spiralling global prices are supporting domestic prices, it is believed.


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