Domestic steel prices saw a ₹3,000-5,000 per tonne decline, month-on-month, with primary steelmakers announcing a revision of the flagship hot-rolled coil (HRC) prices. The revision was made for early to mid-July deliveries.
Most of the major mills (which include private players and PSU majors) have announced a price band (for HRC) between ₹61,000 per tonne and ₹62,000 per tonne, cold rolled coil prices are in the ₹68,000-70,000 per tonne range; while rebar prices are in the ₹59,000-60,000 per tonne range.