Indian mills will raise domestic HRC prices on weaker rupee

May 02, 2012 | 04:22 AM |

Indian mills will increase prices of hot rolled coil for the domestic market by at least Rs500 ($9) per tonne in the next few days as the weakening rupee makes imports more expensive. Officials from at least two Indian mills have confirmed that they plan to raise prices for domestic sales in May for May-June delivery. “We are planning to increase....

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