Although domestic trade-level HRC and CRC prices remained range-bound in most markets, prices fell by INR 900-1,200/t ($11-15/t) w-o-w in some regions in the western and southern parts of the country. Limited trading activity continues to plague the market and selling pressure is accumulating ahead of the financial year-end. BigMint’s benchmark assessment (bi-weekly) for HRC (IS2062, Gr E250, 2.5-8mm) remained stable at INR 52,700/t ($636/t) exy-Mumbai on 12 March. Prices remained stable despite a weak environment mainly due to good export volumes.
