For October supplies, steel mills want an increase from automakers of Rs2,000–6,000 per tonne.
bussiness lines
India
30-11-2023
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An increase in price of approximately Rs 2,000–3000 per tonne for hot-rolled coils and Rs 4,500–6,000 per tonne for cold-rolled coils is anticipated.
India's steel producers have started negotiating a price increase for auto-grade offerings, or supplies to automakers and automakers. There are hints that they have requested increases in all categories of between Rs 2,000 and Rs 6,000 per tonne due to the rising cost of raw materials, primarily coal.
An increase in price of approximately Rs 2,000–3000 per tonne for hot rolled coils (HRCs) and Rs 4,500–6,000 per tonne for cold rolled coils is anticipated.