Tag: India: Mills reduce Q3 auto contracts’ flats offers by INR 4200/t

Two heavyweight tier-1 mills have agreed to an INR 4,200/tonne (t) reduction in hot rolled (HR) and cold rolled (CR) prices in the third quarter auto contracts, SteelMint learnt from reliable sources. These prices, it is heard, were quoted to India’s largest auto maker. However, sources also confirmed that these offers are applicable across the…