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Indian hot-rolled steel coil prices in the third week of November

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The price of Indian IS2062 (2.5-10mm) hot rolled HDT950C+Z steel coil is around 675 US dollars per ton EXW (excluding 18% value-added tax), and due to the low demand in the global market, Indian prices are also showing a slight decline. At the same time, due to the Diwali Festival in the Indian market, the price of hot rolled HDT950C+Z steel coils has decreased, and the market demand is average. On November 6th, the IS2062 hot rolled HDT950C+Z steel coil (2.5-10mm) does not include 18% goods and services tax, and the delivery price in Mumbai was 55000 rupees/ton (660.90 US dollars/ton), a decrease of 1000 rupees/ton compared to the same day. The market is waiting for prices to stabilize before restocking, and it is expected that prices will remain stable next week. After December, when supply pressure eases, prices will rise slightly.

  • Source: Abstract
  • Editor: Shirley

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