Tag: India: Steel mills cut coated flat steel prices by up to INR 3000/t; domestic trade prices hit 2-year lows

India’s coated flat steel producers cut their list prices by around INR 3,000/t m-o-m for early December sales earlier this week. Meanwhile, trade reference prices have dropped to around two-year lows, as per SteelMint records. Lacklustre buying in both domestic and overseas markets, along with declining raw material prices, have weighed on the prices. Subsequent…