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Steel futures weekly / monthly analysis report
India's imports of hot rolled recent trend picked up, coupled with the international market to go soft rupee appreciation pressure on reproduction of the domestic market. Expected that the local steel mills may cut flat steel prices in November World Pipe network informed, the rate of about Rs 1,000 / ton.
steel price increases of 1000-1500 rupees / tonne in early October has not yet been accepted by the market price of hot rolled in October 1000-1500 rupees / ton lower than the listing price ex-factory price of steel 32000-34000 rupees / tonne world pie network information .
traders between May and July imports of hot rolled reported about 31 000 rupees / tonne (excluding tax).