Tag: India: Steel mills cut HR plate prices by up to INR 3000/t; domestic trade prices fall

Major Indian plate producers have reduced their hot-rolled (HR) plate prices by around INR 3,000/tonne (t) for early-December sales earlier this week. Buying interest in the domestic traders’ market has remained slow since the festive holidays in late October. Whereas volatile global prices have made buyers cautious which is weighing on domestic trade level prices.…