Poor demand, low bookings and liquidity crunch in domestic market has made traders across the country to sell the flat steel (HRC) cheaper by INR 1000-1200/MT.
Current HRC trading prices in Northern Part of the country are in the range of INR 41,800-42,800/MT (inclusive of ED, taxes extra). While, in Eastern parts of the country, prices are hovering at INR 42,500/MT (Inclusive of all taxes).
Primary producers of flat steel across the country have not announced their prices till date. According to market participants all the primary producers are expected to lower their prices by INR 1000/MT.
Bokaro Steel Limited (BSL) a unit of Steel Authority India Limited (SAIL) producing flat steel will be shut down during 11-20 November, 2013, on account of capital repairs in the company.
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