All the major HR Coil manufacturers are expected to increase their prices in the month of October. The prices are expected to increase by 1200/- per MT. This price increase actually, is a boon to the cold rollers.Weak dollars has paved the way for cheaper import options for the cold rollers. Thousands of tonnes of material is being imported from Thailand and CIS countries.
This rally of price increase (third in the last 6 months) does not seem realistic.In my opinion, if the dollar keeps depreciating, the prices in the long run will be reduced.