2017年1月11日星期三

India domestic steel prices steady

Because buyers continue to resist rising prices this week, India mills to maintain domestic ex factory price of 3mm heat stable, ex factory price 37000-38000 rupees / tonne, outside Mumbai hot mainstream price 39500-40500 rupees / ton (US $578-593 / ton, freight), plus 5% of the value-added tax and consumption tax of 12.5% rupees / ton price in 46601-47781.
Despite the weak domestic demand, earlier this month India steel will coil raised ex factory price of 3000 rupees / ton, buyers are complaining about a one-time increase steel hot rolled prices is too large.
11 at the end of the India government announced the monetary policy, limiting the maximum daily ATM take 2000 rupees cash, consumers delayed purchases. A steel said that the decline in cash liquidity also led to cars and consumer durables such as product sales impact, thereby affecting the hot demand.

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