Indian flat steel producers slashed domestic hot rolled coil prices by 1,000 rupees ($14)per tonne this week following a slump in demand across all sectors.
Fastmarkets' price assessment for domestic HRC in India was 42,000-42,500 rupees per tonne ex-mill on Friday December 21, a reduction of 1,000 rupees per tonne compared with last week's 43,000-43,500 rupees per tonne ex-mill.An official from...