Author: Admin Operation
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India: What factors are forcing mills to keep prices in check?
Mostly all of India’s leading steel mills have announced a downward price correction. Following the move, list prices of flat steel stand reduced by around INR 2,500/t ($33/t) for early December supplies to INR 67,500-68,000/t ($900-906/t) for hot rolled coils and to INR 74,500-75,000/t ($993-1,000/t) for cold rolled coils. In longs, rebar prices, post-revision, are…