Tag: Mills planning for price hike
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Indian mills may raise flat steel prices further in Nov, market acceptance skeptical
With key Indian players announcing 2nd hike in prices in Oct, domestic HRC prices in India have increased by INR 250/t w-o-w in the trade market. SteelMint’s benchmark assessment for commercial-grade HRC stands at INR 42,500-43,500/t exy Mumbai. Meanwhile in other trade markets, prices have increased up to INR 750-1000/t w-o-w basis. Mills raised price…