the prices of the Hot Rolled Coils slides furthur, in the month of December, despite good demand. The auto sector is aechiving a cosistent growth of 9%(in all segments of two wheelers and four wheelers). Still the prices of HR Coils are slashed marginally by the main producers.
However, the effect is not passed to the consumers. The cold rolling mills are enjoying the fruits of this price decrease. Thus the prices of the CRCA Steel Strips remains uneffected.
I feel that the trend of the International Market is not going to change in the coming month and this slump is going to continue till the end of January.
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