A major private Indian steel producer- JSW Steel has reduced HRC and CRC list prices by INR 1,000/t for Mar ’21 deliveries, SteelMint learned from its credible sources. The current offer stands at around INR 53,600-54,000/t for HRC and INR 64,000-64,500/t CRC (exy-Mumbai), excluding GST @ 18%. Stagnant demand and limited buying inquiries in the trade market has led to a decline in domestic prices.
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