Major Indian mills plans to remain HRC prices unchanged for March
It is reported that the majority of Indian steelmakers
announced to keep their hot rolled coil prices remain unchanged for
March this year.
India’s steelmakers considered the domestic market demand remained weak
and it expected to slow recovery in the first half year.
However, the price issue will not able to help the market improvement
but it needs to united most of Indian steel producers to having a right
direction to prevent import materials against local business.
JSW Steel said the mill has not announced any increase in its base
prices but the state-owned Steel Authority of India Ltd (Sail) has
announced to lift INR500/ton for March according to source said.(steel
pipe)
