02
Jul
12:24
Monsoons drag Indian domestic coil demand, pressure prices
Indian domestic hot and cold rolled coil market demand continues to be low due to monsoons, Indian traders tell Kallanish. They anticipate prices will remain under pressure due to the weak activity.
A source says: “Due to low demand, prices will be under pressure. The monsoon will slow down construction activities.”
Domestic HRC offer prices were flat on-week at INR 53,000-53,500/tonne ($634.87-640.87/t) ex-Mumbai for IS2062/E250 BR grade.&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous