Tag: Traders outlook uncertain
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Indian mills gearing up for another price hike in flats, market acceptance uncertain
Indian steel biggies are planning to lift HRC & CRC prices further for Oct’20 deliveries. Although the quantum of hike is not announced yet by the mills, but trade sources expect it to be around INR 1,000/t ($14). Tight supply and improved demand in the domestic market has created a room for price hike. In…