Essar Steel Ltd., one of the India's largest flat steel producers
is planning to buy Hot-rolled-coil (HRC) in the spot market.
The move is said to be an outcome of the disrupted slurry
pipeline which the company runs from eastern to southern India. It has been
damaged by the Maoists from a quite a long time and as a result supplies of
pellets to its steel plants have been disrupted. Output of HR Coil has also fell by
50%.
The company is said to buy the HR coil domestically and via
imports to feed its cold-rolling and galvanizing lines.
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