Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
Recently, due to the cold trading atmosphere and continued weak domestic demand, the price of Indian hot coils has remained stable. At present, the transaction price of domestic hot coils in India is between 665-671 USD/ton EXW. We evaluate that the spot price of Indian hot coils is approximately 665 USD/ton EXW (excluding 18% commodity and service tax), which is unchanged from the previous day A635 DDS steel.
The domestic inventory pressure in India has intensified, and buyers are still adopting a wait-and-see attitude. A few sellers have offered significant discounts, but demand has not improved yet. There have been reports of fewer transactions. In addition, some market participants have indicated that the key market sentiment for overseas hot coils is still sluggish, and the possibility of improvement in the short term is weak. It is expected that the price of Indian hot coils will remain stable in the short term before demand rebounds A635 DDS steel.
The price of threaded steel in India has stabilized, currently around 551 US dollars per ton EXW (IS1786, 12-25 mm). It is reported that the buyer's willingness to purchase has improved, and there is room for an increase in the price of threaded steel in the short term. In addition, the local government may promote the construction of domestic infrastructure to promote the consumption of rebar A635 DDS steel.
