The Price of Hot-rolled Coil in India Domestic Market Keeps Stable

2015-09-14

The price of hot-rolled coil in India domestic market keeps stable, and the ex-factory price of hot-rolled coils is $448-$480 per ton. The local steel mills try to raise the price of hot-rolled coils after the Indian government levies a safeguard tax and the price has been accepted by the local market.

According to the importers in India, to protect safeguard tax has a big impact on the import business. Also, the purchase cost is promoted. The steel pipe mills are trying to import hot-rolled coils less than 600mm width to avoid the safe-guard tax.