The ex-work price of carbon steel hot rolled coil in India for March is expected to keep steady due to sluggish demand and deflating cash flow for traders.
For the first two months in 2013, however, Indian mills hiked their HRC prices to US$624~634/ton in January, up by US$9~26/ton. They boosted the prices further in February to US$629~643/ton.
So far, Indian mills would not increase their prices again in order to surge sales volume in March.