Weak demand puts pressure on steel prices

[Bilgin]

Weak demand puts pressure on steel prices Indian steel mills cut the price of hot rolled coil for August 22 to ₹58,500 per tonne, which is a reduction of ₹3,500 per tonne m-o-m, and cold rolled coil to ₹66,000 per tonne, a reduction of ₹2,500 per tonne m-o-m, to align more closely with trade channel prices, suggested Nomura Research data