India: Trade-level coated flat steel prices drop by up to $19/t m-o-m in Jul

Source: Steelmint Jul 30, 2024 08:30

Lacklustre buying in traders' market weighs on prices. Maintenance shutdowns at HSMs impact substrate HRC production levels.

The monthly average trade-level prices of coated flat steel products dropped by around INR 1,300-1,600/t ($16-19/t) m-o-m towards the end of July 2024. Buyer showed preference for low-volume procurements over bulk and increased bargaining in July, which weighed on price levels. The monthly average prices of galvanised plain (GP 0.8mm

Price Curve

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