The Indian domestic hot and cold rolled coil market remains weak, impacted by heavy monsoons, cheaper imports, and oversupply.

Domestic traders report that Indian mills have increased production since July, leading to rising stock levels. The influx of lower-cost imports continues to challenge local prices, exacerbating the market's struggles.

The Indian steel ministry has expressed concerns regarding these pressures, highlighting the need for strategic measures to stabilize the market amid ongoing challenges from international competition.