Indian mills cut domestic HRC prices by $24/tonne for June sales

Indian mills have reduced domestic hot-rolled coil prices by 2,000 rupees ($24) per tonne for sales in June, but traders in local markets continue to undercut mill prices by about 2,000 rupees per tonne, Fastmarkets understands.

Fastmarkets assessed the price of steel hot-rolled coil domestic, ex-whse India at 57,500-58,500 rupees per tonne on Friday June 9, down by 2,000 rupees per tonne compared with 59,500-60,500 rupees...