India's Hot Coil Prices Rise and Demand Improves

Release time：Jun 20, 2019 From：admin

Indian standard IS2062 2.5mm hot rolled coil market quoted about 40500 Indian rupees/ton (about 622 US dollars/ton), up 14 US dollars from last week. Mainstream quotations in the Indian hot coil market rose slightly this week, and local trade in India turned better. According to a local trader in India, it is reported that Indian steel mills plan to further increase their ex-factory prices from mid-October. Most traders are active in the market recently, with high procurement enthusiasm and strong willingness to bid. From the point of view of exports, the recent export intensity has increased significantly, and most traders believe that prices will be high in the short term. Generally speaking, it is expected that Indian hot coil prices will oscillate strongly in the short term.