Prices for hot rolled sheet in India continue to rise

Prices for HR sheets continued to rise due to higher demand. Meanwhile, some of the major wafer makers have announced they are planning to raise the price again for December.

With the recovery of the auto industry in India, the number of purchased plates began to rise. Unsurprisingly, along with the growth of construction and infrastructure, the use of plates will increase significantly. Demand is growing not only for engineering construction, but also for wind energy and shipbuilding.

According to market participants, due to active purchases, prices for sheet products in the Indian market will remain high lately. Moreover, a second wave of price increases is expected in December from the main domestic plants for the production of sheet metal.

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