Tag: India: Trade prices of coated steel gain support as mills indicate mid-term hike in steel tags

Indian coated steel manufacturers are indicating a mid-term hike in prices of up to INR 750-1,000/t ($9-13/t) for end-September sales. An official announcement is expected soon. This has lent support to trade level prices, as distributors and traders have refrained from reducing their offers. This week’s trade prices for galvanised coils (GP, 0.8mm, 120gsm) remained…