HRC offers firmed marginally in select markets despite sluggish sales, industry sources told ISMW.
Prices were up by Rs 200 per ton in Delhi and by Rs 400 per ton in Kolkata. However, offers were unchanged in the markets of Ludhiana and Hyderabad. Prices remained bound between Rs 27,600-Rs 28,900 per ton.
After a decline in November, India's steel imports again surged by 23% in December 2015, neutralising the measures taken by the government to check cheap inbound shipments.
Steel imports rose by 23% to 0.94 million tons (mt) in December 2015 compared to November, provisional official data showed.
In November, steel imports were at 0.76 mt, down by 35% over the previous month.
However, the December imports were down by 1.4% compared to that in the same month in 2014.
Imports of total finished steel stood at 8.389 mt in the April-December period of 2015-16, a growth of 29.2% compared to same period of last year.
$1=Rs 66.88
Source: ISMW